Forecast – Lahlimi foresees Morocco’s GDP growth of 3.8% and macroeconomic balances to improve slightly in 2018

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Morocco’s forecast body HCP chairman, Ahmed Lahlimi, was rather optimistic at the press conference held in Casablanca on Wednesday, where he discussed Morocco’s economy, stating that this latter has known a robust growth of 3.6% in 2017 which is likely to go up to 3.8% this year, besides a global trade expansion rate of 4.2% last year.

Morocco’s economic achievements can be summered up in:

-Foreign demand rose by 4% in 2017 instead of 2.4% a year earlier.

– Economic growth of 4% in 2017 instead of 1.2% a year earlier.

-A fiscal deficit limited at 3.5% of GDP in 2017, supported by the dynamism of tax collection and a slowdown in operating and investment budget expenditures.

– A global debt stabilized at 81% of GDP.

– An external current account deficit limited at 4.4% of GDP.

Lahlimi has also shed light on the agricultural sector, noting that growth in trend improvement is still subject to the vagaries of meteorology.

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