IMF: 4.4% growth in Morocco in 2017
The growth of the Moroccan economy is expected to accelerate in 2017 to 4.4 percent, according to the estimation of a mission of the International Monetary Fund (IMF) in this country. It called for the continuation of the structural reforms that the Kingdom already undertakes, reports Lefr360."In the end 2016 will the growth of the Moroccan economy is expected to slow down to between 1.5 and 2%, this is due to poor grain crop and the relative weakness of the non-agricultural activities", says Nicolas Blancher, head of the Advisory Mission of the IMF."The growth In 2017 will accelerate to about 4.4% and stabilised around 4.5% over the medium term, on the basis of the current reforms that have already been made," he said at a press conference on Thursday.The Moroccan economy is highly dependent on agriculture, which is highly affected this year by the severe drought in the country.However, Morocco has "benefited from continued macro-economic management and structural reforms", said Blancher. "Progression in fiscal control and diversification of the economy has strengthened resistance."