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Wednesday 11 July 2018

Morocco's Economy to Grow by 3.1% in 2018, HCP

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Morocco's Economy to Grow by 3.1% in 2018, HCP

Morocco's economy is expected to grow by 3.1% in 2018 against 4.1% in 2017, Head of the High Planning Commission (HCP), Ahmed Lahlimi Alami, said Tuesday in Casablanca.

Speaking at a press conference, HCP chief reviewed the main macroeconomic indicators in 2018 and the economic perspectives for 2019, noting that the value added of the primary sector will decline by 0.3% in 2019 against a rise of 3.1% in 2018.

According to HCP forecasts, the growth rate of non-agricultural activities would increase from 2.8% in 2017 to 3.1% in 2018, while it would reach 1.3% in 2019.

Regarding inflation, Lahlimi said that it is expected to increase from 0.8% in 2017 to 1.7% in 2018 and 1.3% in 2019.

The trade deficit will jump from 17.9% of GDP in 2017 to 18.5% in 2018 and 18.7% in 2019, according to the same source

MAP 10 July 2018