Morocco Economic Forecast
November 28, 2017Upbeat trade data for Q3 suggests that GDP growth was again buoyant in the quarter after accelerating notably in the first half of the year. Year-to-date exports through September were robust as both phosphate and agricultural shipments picked up, the latter reflecting the agricultural sector’s strong recovery this year. The year-to-date trade deficit widened, however, on higher imported energy costs. Industrial output, which slowed in Q2, appeared to lose ground in both August and September. Optimistically, Morocco’s nascent aerospace and automotive industries appear to be thriving this year on new investment.
Morocco Economic GrowthA recovery in the agricultural sector has brightened near-term economic prospects, and should support household spending both this year and next. In the medium term, tourism inflows are expected to help narrow the current account deficit, while fiscal tightening bodes well for foreign investment. FocusEconomics panelists expect GDP to grow 3.8% both next year, down 0.1 percentage point from last month’s forecast, and 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 %||Sep 30|
|Exchange Rate||9.45||-0.29 %||Dec 06|
|Stock Market||12,284||-0.23 %||Dec 06|
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