Morocco: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Morocco

March 12, 2018

Preview Citation

Format: Chicago

Morocco: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Morocco, (USA: International Monetary Fund, 2018) accessed November 21, 2024

Summary

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.

Subject: Banking, Credit, Exchange rate flexibility, External debt, Financial institutions, Foreign exchange, Loans, Money, Public debt

Keywords: Africa, CR, Credit, Dirham exchange rate, E-government platform, Exchange rate, Exchange rate flexibility, Fiscal policy, Global, Government, Grant revenue, IMF staff estimate, Insolvency regime, ISCR, Loans, Maghreb, Reform implementation, Sound fiscal policy

Publication Details

Pages:

70
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2018/075
Stock No:

1MAREA2018002
ISBN:

9781484346396
ISSN:

1934-7685

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