First Independent Mena Newspaper
The Arab Monetary Fund said that the expected economic growth in Morocco by the end of 2022 will not exceed 1%, after last year’s 7.9%, and that 2023 growth will reach 4%. The fund stated in its recently-issued Arab Economic Outlook Report that the yield of the main cereal crops will not exceed 32 million […]
Morocco’s economic growth will slow down to 0.8% in the third quarter this year, compared to 8.7% the same period last year, the high commissioner for planning HCP said. The HCP mentioned the impact of the geopolitical tensions and imported inflation that has slowed the post-covid growth of the Moroccan economy. Global demand on Morocco […]
Morocco’s central bank revised downwards this year’s growth forecast to 0.7% amid rising inflationary pressures due to fallout of the war in Ukraine and as Morocco faces an unprecedented growth. The Bank said Morocco’s cereals harvest will drop to 25 million quintals from 103 million quintals last year, amid a 57% rainfall deficit which meant […]
The International Monetary Fund (IMF) has reviewed upwards its economic forecasts for Morocco saying the Kingdom’s growth is expected to reach 5.7 % in 2021, which is the best performance in the Middle East & North Africa Region. The IMF new outlook takes into account several factors including the resilience of Moroccan economy and the […]
The International Monetary Fund has lowered slightly its economic forecasts for Morocco saying the Kingdom’s growth is expected to reach 4.5 pc in 2021, while the Fund’s previous projections for the country were estimated at 5 pc. The IMF new outlook takes into account several internal and external factors including the high uncertainty that surrounds […]
Morocco’s central bank revised upwards Morocco’s economic growth to 5.3% in 2021 citing the beginning of the end of the health crisis with the roll out of the vaccination campaign and a better crop year. The bank said growth will pick up from a contraction of 7% last year under the combined effect of drought […]
Morocco’s economic growth is expected to pick up to 4.6% in 2021 after a 7% loss in 2020 due to the coronavirus pandemic which hit both exports and local market, the Moroccan high commission for planning, HCP, said. Citing a severe drought and the coronavirus pandemic impact, the HCP said that the economy is expected […]
Morocco’s economy is seen growing to 3.5% in 2020 amid prospects of an average crop year, the high commission for planning said in its recent forecast. Affected by lower cereals production, economic growth shrunk to 2.3% in 2019, the agency said, while calling for gearing investments to productive sectors. A committee is currently holding consultations […]
The World Bank expects Morocco’s economic growth to jump from 2.7% in 2019 to 3.5% in 2020, the World Bank said citing Morocco’s reforms to curb fiscal deficit and boost exports. Morocco’s GDP should increase at a slower pace to 3.6 in 2021 and 3.8 in 2022, the World Bank said in its Global Economic […]
Morocco’s economic growth is expected to fall to 2.6% in 2019 after lower rainfall affected crops, the central bank said, noting that growth would increase to 3.5% in 2020. The central bank, known as Bank Al Maghrib, kept its benchmark interest rate unchanged at 2.25% while promising to carry out action to promote entrepreneurship. Holding […]