Mubasher: Standard & Poor’s Ratings Services (S&P) affirmed its long- and short-term foreign and local currency sovereign credit ratings on Morocco at “BBB-/A-3”, with a “Stable” outlook.
Morocco's real growth is expected to increase moderately over the next few years to average 3% of GDP after a severe drought in 2015-2016.
However, the country’s growth performance is expected to remain vulnerable to “volatility in the agricultural sector and external demand fluctuations from Europe, following the U.K. Brexit vote”.
External and fiscal deficits are projected to continue to improve in the coming years, supported by low energy prices, auto and aeronautics exports growth, and implementation of domestic reforms.
