Wednesday 5 June 2013

Fiscal demands catch up with Morocco - FT.com

"Morocco, long upheld as the stable, business-friendly exception to north Africa’s general economic stagnation and political tumult, has begun to rattle economists and its own elite with its deteriorating public finances.
The twin 28-storey, ivory-coloured towers that loom over Morocco’s commercial hub in the centre of Casablanca are testament to a decades-long reinvention that has transformed segments of the country into a sleek, modern economy integrated into the top rungs of global capitalism. But just a few kilometres away, vast slums such as Sidi Moumen fester with unemployment and rage, a telling counterpoint to the veneer of progress."

'via Blog this'

No comments:

Post a Comment