Morocco: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Morocco
IMF Staff Country Reports, February 3, 2017
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- Morocco: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Morocco
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Bibliographic details
- Published: February 3, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475574579.002
Macroeconomic assessment and recent performance
- Macroeconomic conditions have improved since 2012, but growth has remained sluggish.
- In 2016, growth slowed owing to a sharp contraction in agricultural output and subdued nonagricultural activity.
- The unemployment rate decreased to 9.6 percent in the third quarter of 2016.
- Youth unemployment remains high at 21.8 percent.
Medium-term outlook and projections
- Morocco’s medium-term prospects are favorable.
- Growth is expected to rebound to 4.4 percent in 2017.
- Growth is projected to reach 4.5 percent by 2021.
Risks and external vulnerabilities
- Risks are characterized as substantial and relate mainly to:
- Growth in advanced and emerging market economies.
- Geopolitical tensions in the region.
- World energy prices.
- Global financial market volatility.
Thematic coverage (subjects and keywords noted in the report)
- Subject areas: Credit, Exchange rate flexibility, External debt, Financial institutions, Foreign exchange, International organization, Loans, Monetary policy, Money, Public debt.
- Keywords: Africa, Credit, dirham exchange rate, Exchange rate flexibility, financial asset, Global, headline inflation, IMF staff estimate, labor market efficiency, Loans, Maghreb, Middle East, money market rate, productivity-enhancing reform, Sub-Saharan Africa.
Content in this bundle
- Country Report