8th October 2008: Marrakech Property News
The Moroccan government is optimistic about its economic performance and should record a 6.8% growth in GDP in 2008, despite the international financial situation. The Moroccan Finance Minister has given an assurance that the country is safe from the sub-prime crisis. ''Morocco is not connected to the financial institutions or international investment funds involved in the sub-prime crisis'', the Minister stated, all the more so as fixed rates dominate the credit system in the Kingdom.