Morocco Economic Forecast
January 8, 2019Growth gathered steam in the third quarter, buttressed by a pick-up in fixed investment–likely helped by recent reforms to attract FDI–and higher inventories, coupled with a modest acceleration of both public and private consumption expenditures. However, the external sector dragged on growth due to a marked slowdown of exports. In addition, available data suggests the economy slowed in the fourth quarter, weighed on by weaker activity in the industrial sector–and notably by a fall in mining and quarrying output amid a lull in phosphate demand.
Morocco Economic GrowthEconomic momentum should accelerate slightly this year and next. Robust tourist inflows, recent business-friendly reforms and resilient activity in key industrial sectors such as automotive and mining will support growth, although high youth unemployment will continue to be a key weakness. Met the why particular panelists expect GDP to expand 3.3% in 2019, which is unchanged from last month’s forecast, and 3.6% in 2020.
Morocco Economy Data
5 years of Morocco economic forecasts for more than 30 economic indicators.
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|Bond Yield||3.74||0.0 %||Dec 31|
|Exchange Rate||9.57||-0.29 %||Jan 21|
|Stock Market||11,192||-0.23 %||Jan 21|
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