Mubasher: Morocco’s economy growth is expected to accelerate to about 4.4% as agriculture recovers and the nonagricultural sector performance strengthens, according to the International Monetary Fund (IMF).
Growth is also project to remain unchanged at around 4.5% in the medium term with the implementation of ongoing reforms.
“Risks associated with growth in the advanced and emerging market economies, world energy prices, geopolitical tensions in the region, and volatility in global financial markets, remain high,” the IMF noted.
The country’s economic growth should slow to between 1.5 and 2 % as a result of a bad cereal harvest and relatively low activity in the nonagricultural sector, according to Nicolas Blancher who led the IMF staff team who visited Morocco from 16 November to 1 December 2016.
“Inflation and credit growth remain moderate,” he said, adding that “the current account deficit should increase slightly to 2.9% of GDP, driven in particular by higher imports of capital goods and food and the decline in phosphate prices, despite the dynamism of the new export sectors”.
