{"id":458901,"date":"2018-03-21T14:51:27","date_gmt":"2018-03-21T14:51:27","guid":{"rendered":"https:\/\/en.financialafrik.com\/?p=458901"},"modified":"2018-03-21T14:51:27","modified_gmt":"2018-03-21T14:51:27","slug":"morocco-central-bank-revises-growth-forecasts-upwards","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2018\/03\/21\/morocco-central-bank-revises-growth-forecasts-upwards\/","title":{"rendered":"Morocco: Central Bank revises growth forecasts upwards"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>After an acceleration of 4% noted in 2017, the growth outlook for the Moroccan economy for 2018 should reach 3.3%, before accelerating to 3.5% in 2019, according to the new projections of the Bank Al-Maghrib (BAM).<\/p>\n<p>According to these estimates published by the Central Bank, &#8220;at the national level, growth would have accelerated to 4% in 2017, driven by a rebound of 14.8% of agricultural value added, while the growth of non-agricultural activities would have been limited to 2.7%.<\/p>\n<p>For this current year, the BAM is banking on an estimate of cereal production around 80 million quintals and an increase in agricultural value added of 2.3%, while non-agricultural activities would continue their recovery with a rate of 3%. , 2%, which would bring overall growth to 3.3%, against 3% announced last December. Forecasts based on rainfall data and the vegetation cover situation, as of March 10.<\/p>\n<p>Still under forecast, growth should reach 3.5% in 2019, with an improvement in agricultural value added of 1.8% under the assumption of a cereal production of 70 million quintals, and an increase of non-agricultural activities of 3.6%.<\/p>\n<p>Bank Al-Maghrib warns that in the medium term, inflation will reach 1.8% in 2018 (after 0.7% in 2017), driven in particular by the increase in regulated tariffs, and fall to 1.5% in 2019 Underlying inflation is expected to be 1.4% in 2018 and 1.9% in 2019 as a result of the consolidation of domestic demand and rising imported inflation.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>After an acceleration of 4% noted in 2017, the growth outlook for the Moroccan economy for 2018 should reach 3.3%, before accelerating to 3.5% in 2019, according to the new projections of the Bank Al-Maghrib (BAM). According to these estimates published by the Central Bank, &#8220;at the national level, growth would have accelerated to 4%<\/p>\n","protected":false},"author":527297,"featured_media":458902,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[12000],"tags":[],"class_list":{"0":"post-458901","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-banks-insurance","8":"post_format-post-format-aside","9":"pmpro-has-access"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Morocco: Central Bank revises growth forecasts upwards - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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