Wednesday 11, July 2018 by Kudakwashe

Morocco expects economy to decline to 2.5 per cent in 2019

 

Ahmed Lahlimi, Morocco’s Head of Planning Commission said agricultural output in 2019 is expected to be lower than the 2017 and 2018 levels.

  

Morocco’s economic growth is expected to decrease to 2.5 per cent in 2019 from a forecast 3.1 per cent this year due to a dip in agricultural production, reported Reuters.

This year’s budget deficit is expected to reach 3.9 per cent of the GDP, while in 2019 it has been marked 3.6 per cent of GDP.

The country’s inflation is assumed to stay low at 1.7 per cent in 2018 and 1.3 per cent in 2019.

Agriculture accounts for more than 15 per cent of Morocco’s economy.

  

Features & Analyses

Wealth Management Why is there no inflation?

  Mark Burgess, Deputy Global CIO & CIO, EMEA, Columbia Threadneedle Investments, writes about one of the biggest questions… read more