Download or read book M O R R C Staff Report written by and published by . This book was released on 1967 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Morocco 2021 Article IV Consultation Press Release and Staff Report written by International Monetary and published by International Monetary Fund. This book was released on 2022-02-09 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: Thanks to a successful vaccination campaign, COVID19 cases have declined sharply in 2021, and the Moroccan economy is rebounding. Economic activity has recovered most of the ground lost with the severe recession of 2020 and is expected to grow at 6.3 percent in 2021. Among the factors propelling the rebound are the exceptional harvest after two years of drought, continued fiscal and monetary stimulus, and the persistent buoyancy of remittances. Going forward, Morocco’s growth is expected to remain at about 3 percent, assuming the acceleration of new cases in early 2022 proves transitory and the effects of the pandemic on activity gradually fade. Recent inflationary pressures remained manageable and are expected to wane in 2022, as cost pressures from global and domestic supply disruptions are reabsorbed. After its sharp contraction in 2020, the current account deficit is projected to widen in 2021 and over the medium term, but Morocco emerges from the pandemic with a much stronger international reserve position.
Download or read book Morocco written by International Monetary and published by International Monetary Fund. This book was released on 2023-01-24 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite the authorities’ very strong policy response, another drought and the economic spillovers from Russia’s invasion of Ukraine have taken a toll on Morocco’s economy and ignited inflationary pressures. Assuming a return to normal agricultural seasons, stabilization of external economic conditions, and continued progress on the authorities’ rich structural reform agenda, economic activity should rebound in 2023 and stabilize around 31⁄2 percent over the medium term. Inflation is projected to have peaked in 2022 and to start falling in 2023 as the commodity price shock dissipates and the central bank reduces monetary policy accommodation. The negative terms-of-trade shock widened the trade deficit in 2022, but Morocco’s external position is projected to improve from 2023 onwards, also thanks to strong remittances and tourism inflows.
Download or read book M O R R C Report written by Minnesota. Legislature. Minnesota Outdoor Recreation Resources Commission and published by . This book was released on 1967 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book IMF Staff Country Report 99 064 Morocco written by International Monetary Fund Staff and published by . This book was released on 1999-01-01 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.
Download or read book Morocco written by International Monetary Fund. Middle East and Central Asia Dept. and published by International Monetary Fund. This book was released on 2019-07-16 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2019 Article IV Consultation with Morocco discusses that gradually increasing growth, moderate inflation, and stronger external and fiscal buffers are expected over the medium term, benefiting from sustained reform implementation. However, this outlook remains subject to significant domestic and external risks: delays in implementing reforms, lower growth in key partner countries (particularly in the euro area), higher oil prices, geopolitical risks, and volatile financial conditions could weaken Morocco’s resilience and economic prospects. Building on progress achieved in recent years, further fiscal and structural reforms are needed to consolidate gains in macroeconomic resilience and achieve higher and more inclusive growth. The discussions mainly focused on strengthening the resilience of the economy through continued fiscal reforms, greater exchange rate flexibility, and strengthened financial sector soundness. It also highlighted the need for pushing ahead with mutually-reinforcing and properly sequenced reforms to raise growth and inclusion, including by improving public sector governance, promoting private sector development, and reducing inequalities.
Download or read book Morocco written by International Monetary Fund. Middle East and Central Asia Dept. and published by International Monetary Fund. This book was released on 2014-03-06 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses Morocco’s 2013 Article IV Consultation on economic developments and policies. The IMF report highlights that despite unfavorable external and domestic environment Morocco’s economic performance has improved during 2013. The Morocco’s economy remains vulnerable to international conditions and a difficult regional environment. It focuses on the importance of giving more flexibility in the exchange rate regime that intends to support competitiveness, enhance the capacity of the economy to absorb shocks, and support the authorities’ strategy for diversifying external flows away from Europe.
Download or read book Morocco written by International Monetary Fund and published by International Monetary Fund. This book was released on 2008-09-16 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 2008 Article IV Consultation discusses the economic growth for Morocco, which has made major progress to strengthen the economy’s resilience to shocks. Sound macroeconomic policies combined with sustained structural reforms and the opportunities provided by globalization have resulted in a gradual improvement in living standards. Executive Directors considered that Morocco’s universal subsidy scheme is the most important policy issue facing the authorities. They shared the authorities’ assessment of the main upside risks to inflation, including possible second-round effects from higher imported prices and increased demand pressures.
Download or read book Morocco Staff Report for the Article IV Consultation written by and published by . This book was released on 2008 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Morocco written by and published by . This book was released on 2004 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Morocco written by International Monetary Fund. Middle East and Central Asia Dept. and published by International Monetary Fund. This book was released on 2015-02-23 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2014 Article IV Consultation highlights that Morocco has made important strides in maintaining macroeconomic stability in a difficult environment, but challenges remain to reduce fiscal and external vulnerabilities, strengthen growth, create jobs, and tackle poverty. Growth slowed in 2014 as a result of a contraction in agricultural activity following an exceptional 2013 crop and weak demand from Europe. However, growth is expected to rebound in 2015 to about 4.4 percent and remain robust in the medium term as external demand and domestic confidence strengthen. Executive Directors have commended the authorities for their strong policy actions, which have reduced economic vulnerabilities.
Download or read book Morocco 2021 Article IV Consultation Press Release and Staff Report written by International Monetary and published by International Monetary Fund. This book was released on 2022-04-27 with total page 69 pages. Available in PDF, EPUB and Kindle. Book excerpt: Thanks to a successful vaccination campaign, COVID19 cases have declined sharply in 2021, and the Moroccan economy is rebounding. Economic activity has recovered most of the ground lost with the severe recession of 2020 and is expected to grow at 6.3 percent in 2021. Among the factors propelling the rebound are the exceptional harvest after two years of drought, continued fiscal and monetary stimulus, and the persistent buoyancy of remittances. Going forward, Morocco’s growth is expected to remain at about 3 percent, assuming the acceleration of new cases in early 2022 proves transitory and the effects of the pandemic on activity gradually fade. Recent inflationary pressures remained manageable and are expected to wane in 2022, as cost pressures from global and domestic supply disruptions are reabsorbed. After its sharp contraction in 2020, the current account deficit is projected to widen in 2021 and over the medium term, but Morocco emerges from the pandemic with a much stronger international reserve position.
Download or read book MORRC Legislative and Appropriation Recommendations written by Minnesota. Legislature. Minnesota Outdoor Recreation Resources Commission and published by . This book was released on 1967 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Morocco written by International Monetary Fund. Middle East and Central Asia Dept. and published by International Monetary Fund. This book was released on 2017-02-03 with total page 69 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2016 Article IV Consultation highlights that Morocco’s macroeconomic conditions have improved since 2012, but growth has remained sluggish. In 2016, growth slowed owing to a sharp contraction in agricultural output and subdued nonagricultural activity. The unemployment rate decreased to 9.6 percent in the third quarter of 2016 while youth unemployment remains high at 21.8 percent. Morocco’s medium-term prospects are favorable, with growth expected to rebound to 4.4 percent in 2017 and reach 4.5 percent by 2021. However, risks remain substantial, and relate mainly to growth in advanced and emerging market economies, geopolitical tensions in the region, world energy prices, and global financial market volatility.
Download or read book Morocco written by International Monetary Fund and published by International Monetary Fund. This book was released on 2011-12-02 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: This consultation paper explains that several years of sound macroeconomic policies and political reforms have left Morocco well equipped to address the 2008 international crisis and to respond to pressing social demands. In this challenging environment, Morocco has performed well economically and has seen its social indicators improve. It is stressed that containing and reorienting public expenditure, particularly by reforming the generalized subsidies system, will be the key to ensuring medium-term fiscal sustainability. A well-targeted subsidy system would be less costly and would better support the neediest segment of the population.
Download or read book Morocco written by and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Morocco written by International Monetary Fund and published by International Monetary Fund. This book was released on 2004-06-09 with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2004 Article IV Consultation highlights that Morocco’s macroeconomic conditions remained strong in 2003. Growth increased to 5.5 percent because of an exceptionally good cereal production, while non-agricultural growth showed signs of revival. Inflation was below 2 percent and the external position strengthened further. External reserves reached the equivalent of 10 months of imports of goods and services and covered the totality of external public and publicly guaranteed debt. Macroeconomic conditions are projected to remain broadly unchanged in 2004.
