Morocco’s economy to increase 4.8% in 2015

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Morocco’s economy is approximated to increase by 4.8% in 2015 compared to 2.6% last 2014, information revealed by High Commissioner for Planning, Ahmed Lahlimi Alami.

Morocco’s economy to increase 4.8% in 2015

Morocco’s economy to increase 4.8% in 2015

This economic development is approximated to generate 170,000 employments, creating to 9.6% the national joblessness rate, in preference to 9.8% in 2014, Lahlimi highlighted at the presentation of the 2015 estimations.

These calculations are based on a good 2014-2015 crop year and an upsurge in worldwide demand for Morocco to 4.5% in 2015 compared to 4.1% in 2014. Correspondingly, relocations from Moroccans living abroad are anticipated to improve at the same percentage as 2014 that is 1.2%.

This year 2015, tourism revenues are approximated to rise by almost 1%, whereas foreign direct reserves are anticipated to expand by 10%, according to HCP data.

Inflation is anticipated to arrive at 0.8% in 2015 compared to 0.4% in 2014, in spite of an estimated drop in imported inflation.

Mohamed Dekkak