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9 July, 2018 00:00 00 AM
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Morocco’s macroeconomic risks remain broadly moderate

Xinhua

Morocco’s macroeconomic risks remain broadly moderate amid stronger global economic activities, Morocco’s central bank said on Saturday, reports Xinhua from Rabat.

In terms of external conditions, the current account deficit narrowed in 2017, mainly due to easing trade deficit, higher travel receipts and transfers from Moroccans living abroad, the bank said in a statement following the meeting of its Coordination and Systemic Risk Monitoring Committee held in Rabat.

Domestically, national growth accelerated in 2017 to reach 4.1 per cent from 1.1 per cent in 2016, reflecting the rebound in agricultural value added and the recovery, albeit at a slow pace in non-agricultural activities, the statement noted.

The trend in global growth would be generally favorable, although surrounded by certain risks mostly related to the escalation of geopolitical tensions, the rise of protectionism and the

political difficulties of some European countries, it noted.

The national GDP would grow less rapidly, by 3.6 per cent in 2018 and 3.1 per cent in 2019, it added.

During this meeting, the committee approved the financial stability report for the year 2017, analyzed the mapping of systemic risks and reviewed the state of progress in the inter-authorities roadmap for strengthening financial stability for the period 2016-2018.

The Committee also discussed and approved the roadmap for monitoring cyber risks in the Moroccan financial system.

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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
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Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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