{
  "title": "Morocco: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Morocco",
  "publication": "IMF Staff Country Reports, February 3, 2017",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2017/02/03/morocco-2016-article-iv-consultation-press-release-staff-report-and-statement-by-the-44620",
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  "summary": "This 2016 Article IV Consultation highlights that Morocco’s 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.",
  "publishDate": "2017-02-03",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Macroeconomic assessment and recent performance",
      "content": "- Macroeconomic conditions have improved since 2012, but growth has remained sluggish.\n- In 2016, growth slowed owing to a sharp contraction in agricultural output and subdued nonagricultural activity.\n- The unemployment rate decreased to 9.6 percent in the third quarter of 2016.\n- Youth unemployment remains high at 21.8 percent."
    },
    {
      "heading": "Medium-term outlook and projections",
      "content": "- Morocco’s medium-term prospects are favorable.\n- Growth is expected to rebound to 4.4 percent in 2017.\n- Growth is projected to reach 4.5 percent by 2021."
    },
    {
      "heading": "Risks and external vulnerabilities",
      "content": "- Risks are characterized as substantial and relate mainly to:\n  - Growth in advanced and emerging market economies.\n  - Geopolitical tensions in the region.\n  - World energy prices.\n  - Global financial market volatility."
    },
    {
      "heading": "Thematic coverage (subjects and keywords noted in the report)",
      "content": "- Subject areas: Credit, Exchange rate flexibility, External debt, Financial institutions, Foreign exchange, International organization, Loans, Monetary policy, Money, Public debt.\n- 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.\n\n---\n\n Content in this bundle\n\n- Country Report\n  - Country Report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Country Report (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2017/02/03/morocco-2016-article-iv-consultation-press-release-staff-report-and-statement-by-the-44620"
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    "Published: February 3, 2017",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781475574579.002",
    "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.",
    "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 are characterized as substantial and relate mainly to:",
    "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.",
    "**Country Report**"
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