According to the High Commission for Planning (HCP), growth will slow in 2019. Morocco’s GDP is expected to grow by only 3.1% in 2018 before decelerating to 2.9% in 2019, after 4.1% in 2017, according to Ahmed Lahlimi Alami, head of the HCP.
This trend is said to be due to the yield of the value added of the primary sector, which falls by 0.3% in 2019 after increases of 3.1% this year and 13.2% in 2017.
On the other hand, non-agricultural activities, driven among others by industrial and mining activities as well as tourism, continue to grow, with an improvement estimated at ,1% in 2018 and 3.2% next year.
The High Commissioner for Planning also announced a rise in inflation from 0.8% in 2017 to 1.7% in 2018, before falling back to 1.3% in 2019. The trade deficit, for its part, will go from 17.9% of GDP in 2017 to 18.5% in 2018 before reaching 18.7% in 2019. According to Ahmed Lahlimi, the slowdown in economic growth in Morocco will result in weak job creation in 2018.