Country Forecast Morocco Updater
The Economist Intelligence Unit, April 2013, Pages: 17
The Economist Intelligence Unit expects the political situation to remain generally stable in 2013-17. However, there is potential for political unrest to escalate. Despite some political reform, including the appointment of a prime minister from the largest party following the legislative election in 2011, parliament will remain relatively weak. This will allow the king, Mohammed VI, and his advisers to maintain their overall hold on political power, but it is also likely to mean that many Moroccans will place more faith in religious and charitable organisations than in parliament.
Ties with the Gulf Arab monarchies will strengthen. The government sees a diversification of economic links as an important means of ameliorating the impact of recessionary conditions in Europe. We forecast that real GDP growth will pick up to 3.3% in 2013, helped by an improved agricultural performance. As global economic conditions improve, growth will then accelerate to an annual average of 4.8% in 2014-17. The government will post large budget deficits in 2013-17, although these will narrow as the period progresses. The current account is expected to remain in significant deficit throughout the forecast period.
There has been no major change to the political forecast. Labour unions, supported by opposition parties, have staged demonstrations, but these have not been of a scale to threaten the political system.
Country Forecast Morocco Updater
Morocco at a glance: 2013-17
OVERVIEW
Key changes from last month
Political outlook
Economic policy outlook
Economic forecast
Country forecast overview: Highlights
Country forecast overview: Key indicators
Country forecast overview: Business environment rankings
Country forecast overview: Morocco's business environment at a glance
Policy towards private enterprise and competition
Policy towards foreign investment
Foreign trade and exchange controls
Taxes
Financing
The labour market
Infrastructure
Fact sheet
Outlook for 2013-17: Political stability
Outlook for 2013-17: Election watch
Outlook for 2013-17: International relations
Outlook for 2013-17: Policy trends
Outlook for 2013-17: Fiscal policy
Outlook for 2013-17: Economic growth
Outlook for 2013-17: Economic growth
Outlook for 2013-17: Inflation
Outlook for 2013-17: Exchange rates
Outlook for 2013-17: External sector
Data summary: Global outlook
Data summary: Gross domestic product, current market prices
Data summary: Gross domestic product, at constant prices
Data summary: Gross domestic product by sector of origin
Data summary: Growth and productivity
Data summary: Economic structure, income and market size
Data summary: Fiscal indicators
Data summary: Monetary indicators
Data summary: Employment, wages and prices
Data summary: Current account and terms of trade
Data summary: Foreign direct investment
Data summary: External debt
Data sources and definitions
Global data
Domestic data
Abbreviations
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