Morocco

The development model adopted these past ten years by Morocco, featuring openness, economic liberalisation and the implementation of structural reforms, allowed the economy in 2011 to resist, in a difficult national and international context. In Morocco the Arab Spring and its social and political claims resulted in the adoption of a new constitution and triggered early legislative elections. Despite domestic tensions and a deteriorated economic situation in Europe, which is the country’s main economic partner, Morocco’s real growth in 2011 stood at 4.6%. The effects on the national economy of the slowdown in external demand were offset by a good agricultural season and vibrant domestic demand. The country’s growth rate is expected to confirm its vigour at 4.5% and 4.8% in 2012 and 2013 respectively.