After registering an average expansion of 4.4% between 2000 and 2017, GDP growth slowed to 3% in 2018 and an estimated 2.6% in 2019, due to a 4% drop in the value added generated by the agriculture sector. Nevertheless, local business sentiment remains robust, with 78% of respondents to OBG’s fourth Morocco CEO Survey saying they have positive or very positive expectations of business conditions in the coming 12 months. Still, the future economic gains of the country will highly depend on the availability of skilled labour. Illustrating this understanding, nearly 75% of survey respondents selected education as the sector most in need of attention to unlock Morocco’s economic potential. For more information on OBG CEO Surveys, please visit www.oxfordbusinessgroup.com/ceosurveys.
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