"Regardless of the discussion on growth rates and figures, what matters most is to seek to overcome the obstacles impeding the achievement of high economic growth rates that contribute to prosperity in society," the Sovereign pointed out in a speech on the occasion of the 66th anniversary of the Revolution of the King and the People.
The Sovereign underlined, in this regard, the role of the middle class as a productive force and an element of cohesion and stability.
"The community is like a solidly built house; the middle class constitutes its strong foundations, and the rest of society its other components," the monarch said, noting that "in recent years, a middle class has emerged in Morocco and is turning into a productive force as well as an element of cohesion and stability."
Considering its importance in the life of the community, the middle class ought to be preserved, HM the King pointed out, adding that measures should also be taken to strengthen it, expand its base and promote social mobility to and from the middle class. These challenges cannot be met unless higher economic growth rates are achieved, more wealth is created and fair distribution of that wealth is ensured, the Sovereign explained.
The average growth rate achieved by Morocco during the last two decades is a cause for optimism, HM the King said, adding that "this was accomplished in spite of the fact that our country is ranked using the same criteria and standards as for gas and oil-producing countries."