OBG Business Barometer: Morocco CEO Survey 2019
While 2018 marked a deceleration from the economic growth of 2017, Morocco’s overall picture continues to look stable: the IMF forecast GDP growth of 3.2% for 2018, a substantial figure, and projected growth of 3.2% for 2019. Sentiment also remains strong among the country’s business leaders, as indicated by our latest OBG Business Barometer: Morocco CEO Survey. Of the 106 CEOs we surveyed, almost three-quarters have positive or very positive expectations of local business conditions in the coming 12 months, and 77% say it is likely or very likely that their company will make a significant capital investment in this period. Evidently, CEOs are optimistic about the country’s dynamic local industry, with 55% citing automotives as the activity that is most likely to spearhead Morocco’s industrial acceleration in the short to medium term.
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