Morocco’s Central Bank, Bank Al-Maghrib forecast that the kingdom’s economic growth rate should rise to 4.3% in 2017, against 1.2% in 2016. 

The Apex bank disclosed this in a statement released after the third quarterly meeting of its board for 2017. It however indicated that the figure should slump back to 3.1% in 2018.

Regarding inflation, the Central Bank said it has significantly reduced, from 1.9% in the first two months of 2017, to an average of 0.2% throughout the six following months. Therefore, it should stand at 0.6% average for the whole year, but is expected, by Bank Al-Maghrib, to soar back in 2018, to 1.3%.