Tuesday, March 10, 2009
"The Maghreb—'place of the sunset' in Arabic—is likely to keep expanding in spite of the global economic turmoil. Growth forecasts for 2009 range from 3.7% in Tunisia to more than 5% in Libya. Euler Hermes, a consultancy that analyzes investment risk, now rates Tunisia and Morocco as safer than Hungary, Romania, and Bulgaria. 'While the [Maghreb countries] will certainly be adversely affected by the downturn, they are robust enough to survive,' says Euler Hermes analyst Andrew Atkinson."