Morocco raises 2010 growth forecast to 4 pct

CASABLANCA, June 30 (Reuters) – Morocco’s economy will grow by an estimated 4 percent this year on strength in mining, manufacturing and construction, the head of the government’s High Planning Commission said on Wednesday.

That would be below last year’s expansion of 4.9 percent but faster than a 3.5 percent official forecast made at the start of the year, suggesting Morocco is fending off a persistently weak global economy better than expected.

Two years of slowing growth are likely to end in 2011 as the North African kingdom’s economy expands by around 4.3 percent, High Planning Commission head Ahmed Lahlimi Alami said at a press conference in Casablanca, which is Morocco’s economic capital…read more


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