Casablanca – Mubasher: The International Monetary Fund (IMF) expected Morocco’s economy to witness 4.5% growth during the year 2015, amid continued narrowing in state treasury.

Subject to steadfast implementation of reforms, and assuming a continued recovery of external demand, real GDP growth is projected to increase, starting in 2015, and to stabilize over the medium term in the 5-5½ % range, the fund stated.

Inflation is expected to remain low at about 2%. The external position should continue to improve. While the medium-term outlook is favorable and risks have decreased, they remain substantial, particularly because of Morocco’s strong ties to the euro zone, which make it vulnerable to a protracted period of slow growth in that region, the IMF said in its latest Article IV consultation with Moroccan authorities.