First Independent Mena Newspaper
Morocco’s central bank is expected to take more monetary easing steps in the second half of this year by cutting the benchmark rate to 2.25% from 2.75% currently, Fitch Solutions said. “We forecast that BAM will cut its policy rate in another two steps of 25bps in September and December 2024, to 2.25% by end-year […]
In 2024, Morocco is set to unseat South Africa as the largest car producer base in Africa, thanks to its investment climate which attracted investments from major European and Chinese producers. “Morocco will remain the favored investment destination for autos due to its proximity to the EU, existing trade agreements, and efficient logistics infrastructure,” Fitch […]
Morocco’s tourist arrivals are expected to reach 16.8 million in 2024 against the 14.5 million recorded in 2023, says Fitch Solutions Company in its latest business monitoring report. The strong growth will be driven by increasing arrivals from key source markets such as France, Spain and Belgium. France is expected to be Morocco’s largest arrivals […]
Morocco’s tourism arrivals will continue to expand in 2024, building on the market’s ability to recover to its pre-pandemic arrival (2019) levels in 2023, says Fitch Solutions in its latest business monitoring report. Over the medium term (2024-2028), a projected annual growth of 4.4% will be supported by the government’s 2023-2026 Tourism Strategic Roadmap, adds […]
Morocco’s automotive industry is the most attractive market in the MENA region for production opportunities, said Fitch Solutions Foundation in its latest report. “Morocco is the top ranked MENA market in our Autos Production Risk/Reward Index, thanks to a robust outlook for production growth, low labor costs and positive industry policy”, added the Fitch think-thank, […]
Morocco’s central bank, Bank Al-Maghrib (BAM) will hold its key policy rate at 2.25 pc in 2019 due to subdued inflation and a neutral shift in US Fed policy, says Fitch Solutions in its latest report on the North African Kingdom. In a bid to protect foreign exchange reserves and limit imported inflation, BAM will […]
Morocco’s improving economic performance in 2019 and 2020 will provide a solid structure to motivate both businesses and consumers to purchase new vehicles, says Fitch Solutions Foundation. “We believe that Morocco’s expansionary fiscal policy will further support the demand for vehicles”, adds the Fitch Think-Thank, noting that the availability of locally produced vehicles, such as […]