Economy

Morocco Economy

With steady GDP growth and consistently low inflation, Morocco’s economic performance has both diversified and strengthened in recent years on the back of growth in the secondary and tertiary sectors, as the government has been channelling capital into productive industries such as manufacturing, finance and telecoms. As an energy importer, the kingdom is benefitting from lower international oil prices, which along with recent subsidy reforms have helped reduce the budget and current account deficits. Most indicators suggest strong economic growth is on the cards for 2015, though a number of challenges still need to be tackled, including less-competitive productivity levels and a stubborn unemployment rate.

This chapter contains interviews with Mohamed Boussaïd, Minister of Economy and Finance; and Tas Anvaripour, CEO, Africa 50 Fund.