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Article: MOROCCO Weekly Highlights - Jan 5-9, 2009.
- Article from:
- ADP News Middle East & Africa
- Article date:
- January 9, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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(ADP News) - Morocco targets to reach 5.8% economic growth in 2009, despite the economic and financial crisis, Finance Minister Salaheddine Mezouar said on Wednesday.
The Government plans to increase public-sector salaries and public investment in order to improve purchasing power.
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Morocco's trade deficit widened to MAD 124.1 billion (USD 15.2bn/EUR 11.1bn) in the January-November period, up 24.2% on the year, according to official figures.
Imports went up 26.4% to MAD 299.4 billion because of higher energy and equipment imports, while exports grew to MAD 145.4 billion, up 28.8%.
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The number of foreigners ...