Morocco: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Morocco

February 3, 2017

Preview Citation

Format: Chicago

Morocco: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Morocco, (USA: International Monetary Fund, 2017) accessed November 21, 2024

Summary

This 2016 Article IV Consultation highlights that Morocco’s macroeconomic conditions have improved since 2012, but growth has remained sluggish. In 2016, growth slowed owing to a sharp contraction in agricultural output and subdued nonagricultural activity. The unemployment rate decreased to 9.6 percent in the third quarter of 2016 while youth unemployment remains high at 21.8 percent. Morocco’s medium-term prospects are favorable, with growth expected to rebound to 4.4 percent in 2017 and reach 4.5 percent by 2021. However, risks remain substantial, and relate mainly to growth in advanced and emerging market economies, geopolitical tensions in the region, world energy prices, and global financial market volatility.

Subject: Credit, Exchange rate flexibility, External debt, Financial institutions, Foreign exchange, International organization, Loans, Monetary policy, Money, Public debt

Keywords: Africa, Credit, Dirham exchange rate, Exchange rate flexibility, Financial asset, Global, Headline inflation, IMF staff estimate, Labor market efficiency, Loans, Maghreb, Middle East, Money market rate, Productivity-enhancing reform, Sub-Saharan Africa

Publication Details

Pages:

69
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/036
Stock No:

1MAREA2017001
ISBN:

9781475574579
ISSN:

1934-7685

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