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

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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