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Growth: World Bank expects 2.9%

The World Bank forecasts a growth of 2.9% for the Moroccan economy in 2019, a decrease of 0.6 point compared to the projections of last June.

The Bretton Woods institution believes that tourism should continue to support economic activity in Morocco, Tunisia and Egypt. For the past year, overall growth has been supported by agricultural production and tourism activity. In 2020, the Moroccan economy is expected to grow by 3.5%, also forecasts the World Bank.

The growth of the world economy should also be limited to 2.9% against a 3% rate announced in the latest forecasts. For the World Bank, this sluggish growth is due to the slackening of international trade and manufacturing activity, in addition to the trade tensions and considerable pressures experienced by emerging countries on the financial markets.

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