The Moroccan economy recorded an annual growth rate of 3.9 percent in the past four years, stated Treasury Minister Fathullah Oualalou. The minister added that the national economy managed to evade negative growth rates in spite of prevailing drought conditions.
Privatization revenues offset the excessive funds diverted to programs aimed at overcoming the drought effects and protecting local consumers from rising oil prices, reported Al-Quds Al-Arabi . — (menareport.com)
© 2001 Mena Report (www.menareport.com)
