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Economy / Morocco

Macroeconomic Forecast Morocco

August 2008 | Macroeconomic Forecasts

We have raised our forecasts for Morocco's foreign exchange reserves, after newly released data from the International Monetary Fund revealed a sharper than expected accumulation of foreign currency during the first half of the year. We now expect forex reserves to reach US$28.2bn by the end of 2008, up 20% on 2007, rising to US$29.7bn by 2009.

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