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Domestic demand will continue to drive growth in the short and medium term.
Its consolidation comes in a context where net external demand should again contribute negatively to growth, despite the expected improvement in global demand for Morocco. Thus, the contribution of domestic demand to GDP will reach 3.5% in 2018 before decelerating in 2019 to reach 2.9%. This is one of the observations made by Ahmed Lahlimi, High Commissioner for Planning, at the meeting on the presentation of the 2019 economic exploratory budget. The projections shared during this meeting are based on average growth compared to what has been achieved. in 2017.
The economic growth would amount to 3.1% in 2018 against an increase of 4.1% in 2017. For 2019, the High Commissioner for Plan expects an economic growth rate of around 2 , 9%. This deceleration will impact the creation of employment at the national level, a possible increase in the unemployment rate.
The financing needs of the Moroccan economy will also increase during the course of 2018-2019. Similarly, domestic savings will decline from what has been recorded before. It will rise from 23.1% of GDP in 2017 to 22.8% in 2019 before reaching 22.6% in 2019.
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