Morocco Economic Forecast
October 30, 2018Preliminary data suggests growth accelerated in Q3, thanks largely to a strong harvest buttressing agricultural output. Industrial sector activity also appeared to have increased on a rebound in mining and quarrying output. Meanwhile, robust tourist inflows should have supported the services sector, despite consumer confidence dropping in the quarter. On 22 October, the government presented the draft 2019 budget to parliament, which calls for an approximate 11% increase in expenditures, with notable spending increases in health, agriculture and tourism.
Morocco Economic GrowthGrowth should pick up in 2019 and 2020, supported by a strong tourism sector and recent reforms to attract foreign investment in key industries, which should start to buttress FDI inflows in coming quarters. Met the why particular panelists expect growth 3.4% in 2019, down 0.2 percentage points from last month’s forecast, and 3.7% in 2020.
Morocco Economy Data
5 years of Morocco economic forecasts for more than 30 economic indicators.
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|Bond Yield||3.70||0.0 %||Jul 31|
|Exchange Rate||9.52||-0.29 %||Nov 15|
|Stock Market||11,153||-0.23 %||Nov 15|
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