Morocco: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Morocco

Author: International Monetary Fund. Middle East and Central Asia Dept.

Volume/Issue: Volume 2016 Issue 035

Publication date: February 2016

ISBN: 9781484391921

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Exports and Imports , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , ISCR , CR , authority , exchange rate , policy , monetary policy , government policy , staff finding , headline inflation , monetary policy transmission , dirham exchange rate , government bureaucracy , Credit , Global , Europe , Maghreb

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Summary

The 2015 Article IV Consultation discusses key issues related to the economic growth of Morocco. The macroeconomic situation of Morocco continues to improve. Although growth is recovering and should reach 4.7 percent in 2015, nonagricultural activity remains sluggish and inflation remains low. In 2016, growth will be affected by a base effect following the very good 2015 agricultural season, but a gradual recovery is expected in 2017. Although recent policy action and a more favorable external environment have yielded macroeconomic improvements, the reform needs to be maintained to secure longer-term stability and raise growth potential. Much remains to be done to secure higher and more inclusive growth.