Morocco Economic Forecast
September 4, 2018Economic momentum appears to have been relatively steady in Q2 and in the first month of Q3 thanks to resilient external demand—notably for phosphate and automotive products—and a robust showing of the agricultural sector following a record harvest. However, while tourism growth remained solid, investment likely moderated as FDI inflows fell over a third in H1. Furthermore, consumers remain pessimistic due to persistently high unemployment. This pessimism combined with an ongoing consumer boycott targeting food companies likely limited consumption growth in Q2 and fueled social unrest.
Morocco Economic GrowthGrowth should moderate this year, although the record harvest of the agricultural sector—which employs a third of the workforce—and healthy tourism inflows will support private spending. Recent reforms to attract foreign investment might further boost growth in the medium-term. Met the why particular panelists expect growth of 3.3% in 2018, up 0.1 percentage points from last month’s forecast, and 3.6% in 2019.
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||9.36||-0.29 %||Sep 20|
|Stock Market||11,199||-0.23 %||Sep 20|
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