Moroccan bosses display their optimism about the economic situation for the next 12 months. This is what emerged from a survey by the Oxford Business Group (OBG). Local business sentiment remains solid, with 78% of respondents to the fourth survey of OBG CEOs in Morocco saying they have “positive or very positive” expectations regarding economic conditions over the next 12 months, says investigation.
The majority of bosses questioned (76%) thus declared that their companies were likely or very likely to make a significant capital investment during the period. “This shows that, despite the headwinds, the business community remains confident in the short and medium term economic outlook,” says OBG.
Optimism is also gaining the CEOs about the opportunities offered by the future African Continental Free Trade Area (AfCFTA). In this regard, 74% of CEOs say they have “positive or very positive” expectations regarding the results of the agreement on intra-regional trade.