Jaime Perez-Seoane de Zunzunegui: ALL BLOG POSTS
The most recent economic results in Morocco show a deceleration from last year. The north African country grew by 2.4% in the second quarter of 2018, down from 4.5% in the same period last year, according to the High Commission for Planning. The agriculture sector has been cited as the main reason for the decline; its output slowed from just over 18% last year to around 3%.
While the most recent economic results show a deceleration from 2017, Morocco’s overall picture continues to look stable: the central bank expects the country to end 2018 with 3.5% growth, a substantial figure, though down from 4.1% last year. 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. Aside from non-agricultural activities, CEOs expect industrial acceleration to primarily stem from automotives.