Morocco Economic Forecast
March 5, 2019The economy likely decelerated in the fourth quarter of 2018 as a contraction in mining and quarrying output—notably for phosphate—weighed on the industrial sector. In contrast, the aeronautic and automotive sectors likely fared well, supporting export growth in the quarter while imports slowed. Turning to Q1 2019, a more average cereal harvest following a bountiful 2018 crop should further weigh on growth. In recent weeks, Morocco obtained loans and grants of USD 700 million from the World Bank, and USD 375 million from Germany to support digital transformation, financial inclusion and sustainable development.
Morocco Economic GrowthSolid investment momentum following a landmark reform to attract FDI should power the economy this year, while robust private consumption and tourist inflows will further support growth. High youth unemployment and slowing global growth remain key downside risks, however. FocusEconomics analysts expect growth of 3.2% in 2019, which is unchanged from last month’s forecast, and 3.4% in 2020.
Morocco Economy Data
5 years of Morocco economic forecasts for more than 30 economic indicators.
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|Bond Yield||3.62||0.0 %||Feb 28|
|Exchange Rate||9.64||-0.29 %||Mar 11|
|Stock Market||11,103||-0.23 %||Mar 11|
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