The International Monetary Fund expected the Moroccan economy to grow by 3.5 percent in the medium term, driven by investments after output accelerated last year thanks to a recovery in domestic demand and a boom in exports.
According to the Fund, strong domestic demand would gradually lead to a widening of the current account deficit, approaching three percent of the gross domestic product. He expected inflation to continue to decline gradually as pressures on commodity and food prices ease.
The Fund described Morocco's current monetary policy as "appropriate" in light of the decline in inflation. Noting that as inflation continues to decline, the Central Bank of Morocco must resume the shift to an inflation-targeting framework.
Source (Al-Sharq Al-Awsat Newspaper, Edited)
