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African Economic Outlook 2006

image of African Economic Outlook 2006

This fact-filled reference book brings the reader the latest available economic information for most of the economies of Africa.  Drawing on the expertise of both the African Development Bank and the OECD, it opens with an overview that examines the international environment, macroeconomic performance, progress towards attaining the Millennium Development Goals, and governance and political issues.  This edition includes a special section on transport infrastructure issues.  The second part provides individual country reports for 30 countries.  Each country report provides an assessment of recent economic performance, projections for 2006 and 2007, an examination of structural issues, and a discussion of the political and social context.  The statistical annex presents 23 tables comparing economic and social variables across all the countries of Africa.

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Morocco

OECD Development Centre

After having performed comparatively well in 2004, the Moroccan economy suffered a setback in 2005 with real GDP growth estimated at 2.1 per cent. However, a recovery to 5.3 per cent is expected in 2006. In 2005, inflation was contained at 2.1 per cent and national unemployment reduced to 10.9 per cent. Public debt reached 75 per cent of GDP, down from 76.7 per cent in 2004, while foreign debt decreased to 25 per cent of GDP. Finally, the budget deficit increased to 4.5 per cent of GDP in 2005, but is expected to decline to 3.2 per cent of GDP in 2006.

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