Morocco Economic Forecast
November 27, 2018Economic growth appears likely to have picked up pace in the third quarter, largely on the back of strengthening internal demand. Despite waning consumer confidence in the quarter, lower unemployment and robust tourist inflows likely buttressed private spending, while investment benefited from a pick-up in industrial activity, led by resilient external demand. Though a higher energy bill continues to weigh on the trade deficit, the external sector was notably buttressed by strong demand for phosphate products—amid surging global prices—and automotive components.
Morocco Economic GrowthRecent reforms to attract foreign investment in select sectors should bolster FDI inflows which, coupled with robust tourism activity, will likely propel economic growth in 2019. However, high youth unemployment will continue to weigh on the outlook. FocusEconomics panelists expect GDP to expand 3.3% in 2019, which is down 0.1 percentage points from last month’s forecast, and 3.7% in 2020.
Morocco Economy Data
5 years of Morocco economic forecasts for more than 30 economic indicators.
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|Bond Yield||3.74||0.0 %||Nov 30|
|Exchange Rate||9.50||-0.29 %||Dec 12|
|Stock Market||11,214||-0.23 %||Dec 12|
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