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CNN Special: Morocco Struggling Through Economic Crisis

CNN Special: Morocco Struggling Through Economic Crisis

Higher government spending, an export-import deficit and shrinking foreign currency reserves are all major issues contributing to Morocco’s economic crisis. CNN recently covered the nation’s financial situation outlining causes and solution of  fading economic foundations.

The nation’s largest trading partners located in the Eurozone have pulled back because of the global debt crisis. In addition, uncontrollable factors like heightened oil prices and agricultural droughts have forced Morocco to spend in excess.