Morocco's central bank revealed after its quarterly meeting that inflation fell from 10.1 percent in February to 5 percent in August, below this year's expected annual average of 6 percent.
GDP growth will improve from 2.9 percent this year to 3.2 percent next year, without taking into account the impact of the quake, with Morocco generally planning to spend 120 billion dirhams ($11.7 billion) on a post-earthquake reconstruction plan that includes infrastructure modernization over the next five years.
The central bank expected foreign exchange reserves to reach 261 billion dirhams by the end of 2023, which is enough to cover import needs for 5 and a half months.
Source (Alkhaleej Emirati Newspaper, Edited)
