Morocco Economic Forecast
July 3, 2018Following a slowdown in Q1 due to dampened agricultural output—and despite strong investment momentum—the economy may have taken a further hit in Q2. Deep social unrest, caused by rising inflation and persistent urban and youth unemployment, sparked a large and still-ongoing boycott campaign in April, targeting food and oil and gas companies. The added uncertainty threatens jobs in the agricultural sector, and could drag on investment momentum and growth, despite the robustness of the tourism and industrial sectors.
Morocco Economic GrowthGrowth will likely soften this year as activity in the agricultural sector moderates somewhat, although the cereal harvest is expected to be bountiful. Nevertheless, the sector—which employs a third of the workforce—should support private consumption while the government’s fiscal efforts strengthen macro fundamentals. Met the why particular panelists expect growth of 3.2% in 2018, unchanged from last month’s forecast, and 3.7% in 2019.
Morocco Economy Data
5 years of Morocco economic forecasts for more than 30 economic indicators.
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|Bond Yield||3.68||0.0 %||Jun 30|
|Exchange Rate||9.48||-0.29 %||Jul 13|
|Stock Market||11,486||-0.23 %||Jul 13|
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