Morocco Economic Forecast
May 7, 2019The economy appears to have lost momentum in Q1 2019 as a contraction in the agricultural sector, owing to a high base effect from last year’s bumper harvest and drought conditions in winter, dragged on growth. That said, the rest of the economy showed some positive momentum, with robust growth in the services and manufacturing sectors likely powering a rebound in fixed investment. Industrial output was driven by a noticeable acceleration in the mining and quarrying sector thanks to higher domestic demand for phosphate products—due notably to the dynamism of the chemical sector. Turning to Q2, the picture looks similar; an expected further contraction in the agricultural sector is projected to be broadly counterbalanced by solid growth elsewhere.
Morocco Economic GrowthGrowth should be broadly stable this year. On the one hand, strong tourism and solid private consumption will power momentum, while reforms to attract FDI in key sectors should support investment. On the other, weaker growth in the Eurozone—Morocco’s main trade partner and source of tourists—is a main downside risk and will weigh on growth. Met the why particular analysts expect growth of 2.9% in 2019, which is down 0.2 percentage points from last month’s forecast, and 3.3% in 2020.
Morocco Economy Data
5 years of Morocco economic forecasts for more than 30 economic indicators.
Get a sample report showing our regional, country and commodities data and analysis.
|Bond Yield||3.49||0.0 %||Apr 30|
|Exchange Rate||9.63||-0.29 %||May 13|
|Stock Market||11,222||-0.23 %||May 13|
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.