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African Economic Outlook 2005

image of African Economic Outlook 2005

The African Economic Outlook, a joint project of the African Development Bank and the OECD Development Centre, is an annual review of the recent economic situation and the likely short-term evolution of selected African countries. 

The analysis is presented on a country-by-country basis using a unique analytical design.  This common framework includes a forecasting exercise for the current and the two following years using a simple macroeconomic model, together with an analysis of the social and political context.  It also contains a comparative synthesis of African country prospects, placing the evolution of African economies in the world economic context.  A statistical appendix completes the volume.

"OECD has prepared a thorough report on the economic situation in Africa."

-Julius Coles, President, Africare

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Morocco

OECD Development Centre

THE MOROCCAN ECONOMY PERFORMED well overall in 2003 and should continue to show growth rates of over 3 per cent in the coming years. The 2003 growth rate of 5.5 per cent was achieved in a context of increased macroeconomic stability. In 2004, inflation was kept down to 2.3 per cent; the level of external debt fell by 4.5 per cent to 31.7 per cent of GDP; and the budget deficit was kept within reasonable limits at 2.5 per cent of GDP - though the budgetary situation remains...

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