## Morocco: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Morocco

_IMF Staff Country Reports, February 3, 2017_

## Source details

**Canonical URL:** [Morocco: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Morocco](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)

## Other formats

- [Markdown version](/en/publications/cr/issues/2017/02/03/morocco-2016-article-iv-consultation-press-release-staff-report-and-statement-by-the-44620/index.md)
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## Bibliographic details
- Published: February 3, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475574579.002

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### 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.

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## Content in this bundle

- **Country Report**
  - [Country Report (Markdown version)](/-/media/files/publications/cr/2017/cr1736.pdf.md){rel="alternate" type="text/markdown"}
  - [Country Report (PDF)](/-/media/files/publications/cr/2017/cr1736.pdf){rel="external" type="application/pdf"}

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_Source: 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_