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CCSRS: Economic Growth Slow To 3.3%

At the 8th meeting of the Committee for Coordination and Surveillance of Systemic Risks (CCSRS), an analysis of the risk mapping of the financial system was carried out.

It follows that, at national level, economic growth will slow down in 2018 to 3.3% after 4.1% in 2017, due to the deceleration in agricultural value added and the slow recovery of non-core activities not yet recovering their pre-crisis growth.

At the level of public finances, the fiscal deficit should widen in 2018 to 3.7% of GDP and continue, according to the forecasts of Bank Al-Maghrib, to evolve around this level in the medium term.

In a context of slow recovery in non-agricultural activity, bank lending for the non-financial sector continued to decelerate, particularly for loans granted to Non-Financial Enterprises (NFEs), both private and public. The non-performing NFE rate, albeit slightly lower, still remains high.

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