Country Economic Forecasts - Morocco
We have revised our real GDP growth forecast for 2018 upwards by 0.1 ppts to 3.2% on the back of higher than expected agricultural production during H1, as well as robust growth in the manufacturing and tourism sectors. However, household consumption is expected to be weighed down by rising import costs as a result of higher global oil prices. Medium-term economic growth prospects remain sound, dependent on ongoing reforms to improve labour participation and efficiency, access to finance, quality of education and the business environment, as these represent the kingdom’s main economic challenges.
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