Cover IMF Staff Country Reports
Morocco: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Morocco
Author:
International Monetary Fund. Middle East and Central Asia Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2018: Issue 075
Language:
English
Publication Date:
12 Mar 2018
DOI:
https://doi.org/10.5089/9781484346396.002
ISBN:
9781484346396
ISSN:
1934-7685
Pages:
70
Keywords:
ISCR; CR; exchange rate; government; fiscal policy; e-government platform; reform implementation; IMF staff estimate; insolvency regime; dirham exchange rate; sound fiscal policy; grant revenue; Exchange rate flexibility; Credit; Loans; Global; Africa; Maghreb
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This 2017 Article IV Consultation highlights that economic growth in Morocco has picked up in 2017 and is expected to reach 4.4 percent, mostly driven by a significant rebound in agricultural activity while nonagricultural activity remains subdued. The unemployment rate increased to 10.6 percent in Q3:2017 (year-over-year) while youth unemployment remains high at 29.3 percent. Headline inflation (year-over-year) is expected to decline to 0.6 percent in 2017, reflecting lower food prices. Following a marked deterioration in 2016, the current account deficit is projected to improve in 2017 to 3.9 percent of GDP. This primarily reflects Morocco’s global environment, particularly the stronger recovery in Europe, and strong export growth, mostly owing to the good performance of food product and phosphate and derivatives exports.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2018: Issue 075