Morocco Economic Forecast
February 6, 2018Leading data through November was upbeat, with healthy industrial output and positive external-sector figures pointing to another robust quarter to round out 2017. In November, exports rose on brisk phosphate shipments and automobile sales—key trends also recorded in provisional full-year results. Furthermore, the manufacturing sector accelerated in November from a month earlier. This stood in contrast to early reports from the agricultural sector, however, which appeared to begin the 2017–18 season in November with dry weather and low dam levels.
Morocco Economic GrowthDespite bright longer-term prospects, Morocco’s economy is expected to slow somewhat this year as last year’s agricultural base effect fades away. Over the medium term, pro-business structural reforms should boost growth and lower unemployment, while stronger exports and increased inbound tourism should narrow the current account deficit. FocusEconomics panelists expect GDP to grow 3.3% in 2018, down 0.2 percentage points 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||3.70||0.0 %||Jan 31|
|Exchange Rate||9.20||-0.29 %||Feb 22|
|Stock Market||13,195||-0.23 %||Feb 22|
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