Morning – The French and Spanish demand less intense this year

Morocco is expected to grow by 3% this year and the following year. These forecasts are delivered by credit insurer Euler Hermes in its latest panorama on global growth. Exports should thus contribute positively to the country's growth this year. They would increase by 5 to 6%, despite sluggish demand from our two main partners.

Morocco is expected to grow by 3% this year and the same level in 2019. The forecast is for the insurer- credit, Euler Hermes, in its latest panorama on global growth. Euler Hermes is therefore a little less optimistic than the International Monetary Fund (IMF) which is counting on 3.1% this year. The Office of the High Commissioner for Planning (HCP), it provides only 2.8% while the World Bank predicts 3%, the African Development Bank 3.1% and the government 3.3%. In this table, only Bank Al-Maghrib provides 3.6%. In its analysis, the credit insurer claims to expect a positive contribution of exports to the growth of the country. "Overall, we expect growth of 5 to 6% of exports (about 1 billion euros). Half would go to France and Spain. Which is a usual element. This also explains why we are recording less export growth this year than we did last year. France and Spain, the two main trading partners of the Kingdom, will attract fewer imports this year.
France's imports are expected to grow only 2.1% this year. Which explains why the Hexagon will ask less for all the savings, but slightly in Morocco. The country is an outlet for growth for France since it is in the third position in terms of opportunities for French companies behind China and the United States, "say the economists Euler Hermes. In its long-term forecasts (horizon 2030), the insurer-credit predicts that Moroccan exports increase by half.
Africa: the growth is with the rendezvous this year For all of the African continent, the insurer -credit indicates that growth should benefit more countries this year including Nigeria. The infrastructure gaps remain major and thus justify "massive" investment expenditure. The production of electricity is one of the main elements, according to Euler Hermès' analysis. "Increasing trade openness should benefit Africa. The impact of the African Continental Free Trade Area (draft Ndlr) will be the strongest booster for exporters of manufactured goods and food, "says Euler Hermes. With a need for structural financing, the continent needs to attract capital and take advantage of investors seeking high returns. Be careful, however, that this does not cause a debt increase too fast !, warns the credit insurer. Countries with the lowest level of liquidity are the most vulnerable to a reversal of capital flows.