VOL. XLII

No 48

29-November-1999

MOROCCO

Casablanca Stock Exchange Shows Stronger Prospects For 2000

The performance of the CasablancaStock Exchange (CSE) during 1999 was restrained by a number of factors, notleast the introduction of a fiscal amnesty, which indirectly led to a fall incompanies net profits and poorer anticipated GDP growth GDP is expected tobe between 0.2-0.5% for 1999, compared to 6.3% in 1998 (see table on page B5) due mainly to the effects ofdrought on the agricultural...