At the press conference held by the High Commissioner for Planning: the most important indicators of macro-economic situation in Morocco

Spread the love

During a press conference held on Wednesday in Casablanca, Mr. Ahmed Lahlimi, the High Commissioner for Planning, presented the outline of the most important macroeconomic indicators during the past two years.

With regard to the 2019 projections, Mr. Lahlimi said that the growth rate of the national economy will be 2.9 percent, instead of 3 percent in 2018 and 4.1 percent in 2017, in the case of a medium to good agricultural year.

The rest of the Commission’s projections indicate a decline in the national saving rate from 28.9 per cent of GDP in 2017 to 27.9 per cent in 2018 and 27.7 per cent in 2019; the financing needs of the national economy have declined from 3.7 per cent of gross domestic product In 2017 to 4.5 per cent in 2018 and then to 4.3 per cent in 2019; the overall public debt ratio will increase from 82 per cent of GDP in 2017 to 82.2 per cent in 2018 and 82.5 per cent in 2019. While it will move The debt rate of the treasury from 65.1 percent of GDP in 2017 to 65.8 percent in 2018 and to 66.1 b In 2019.

The Commission’s projections highlighted that the slowdown in the national economic growth rate from 3.6 per cent in 2010-2017 to 2.9 per cent in 2018-2019 is attributable to the difficulties of Grew by only 3% in 2018-2019 instead of an average of 4.2% over the period 2008-2012.

Investment will continue to slow down, with its annual average declining to 33.5 percent of GDP during the period 2010-2017 to around 32.2 percent between 2018 and 2019. The gap between domestic saving and investment will narrow, shifting from 11.8 percent of GDP as an annual average during the period 2010-2017 to 9.9 percent between 2018 and 2019.

Mr. Lahlimi stressed the necessity and urgency of the increase in savings, which should be explored in various ways as an economic, social and institutional issue. He wondered how and how to get out of the growth model, which he described as “the lower balance model.” Growth is about 4% In the opposite case, while the growth is accompanied by a decrease in the disparities. According to the studies of the delegation, Mr. Lahlimi adds that growth of 1 percent leads to a decrease of 3.6 percent in poverty. While rising inequality leads to an increase in poverty by 8.4 percent.

Mr. Lahlami stressed the need to develop the public policies that depend on the level of citizens’ involvement in their economic, social and institutional dimensions. He pointed out that the studies of the High Commission for Planning confirm that Morocco has a large number of opportunities for diversification in products close to the structure The current national production, which has the potential for competitiveness, especially in the people based on grain, fruits and vegetables, industrial fabric and cummins and the manufacture of machinery and equipment and include, according to initial estimates 3500 new products, and it is, says Mr. Lahlimi, Is open for Small businesses can, if supported Baltotir and funding needed encouragement, contribute to the improvement of the composite character of the growth of the national economy, and thus reduce the level of the current social and economic disparities.

Tags:

Add a Comment

Your email address will not be published. Required fields are marked *