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Economy / Morocco

North Africa: Q4 Data Reveals Resilience To Recession

April 2009 | Economic Analysis

Recently released Q4 GDP data for Tunisia and Morocco confirms our cautiously positive outlook for these two North African economies in 2009. We are forecasting real GDP growth of 2.5% in Tunisia and 2.4% in Morocco this year, sticking with our view that despite global conditions, government spending, ongoing investment and lower import costs will be sufficient to stave off

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