Economy

Morocco saw a sharp rise in its fiscal deficit in the early years of this decade, which in turn pushed up debt levels. However, subsequent measures to stem spending and increase revenues brought the shortfall back under control and have seen debt levels stabilise. In 2019 the government is seeking to step up spending, in particular social...

As the world’s nations and businesses become increasingly interconnected, so too does the flow of global migration. According to the OECD’s “International Migration Outlook 2018”, in 2017 some 258m people resided in a country other than the one they were born in and more than 5m foreign-born persons settled in OECD countries. The flow of...

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:...

A number of key developments in Morocco are expected to support economic growth in coming years. A rapidly improving business environment and infrastructural base, the gradual liberalisation of the local currency and increased investment into export-oriented industries are all set to raise living standards and drive the emergence of a large...

Global trade faces protectionist headwinds that are dampening the outlook for growth in the coming years. According to the World Trade Organisation (WTO), trade volume grew by 4.7% in 2017 and is expected to have moderated slightly to 4.4% in 2018 and dip to 4% in 2019. Although this means growth will fall below the 4.8% average seen since...

A number of factors have helped to push inward investment into Morocco upward. However, officials are interested in continuing the trend by promoting regulatory reform and increasing the country’s position on key global rankings.