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The Improving Global Outlook and Morocco

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  • Uri Dadush

Abstract

Global economic growth is likely to be a little better in 2016 than this year’s lackluster outcome. The ongoing slow recovery in the United States and Europe is likely to continue. However, weakness in China as well as several large emerging markets, and sluggishness of world trade, mean that risks are weighted on the downside of this forecast. Morocco, which is reliant on European markets, is a heavy importer of oil, and whose currency has devalued in effective terms, should find the external environment more supportive than in past years. But the required adjustment in its fiscal balance will hold it back.

Suggested Citation

  • Uri Dadush, 2015. "The Improving Global Outlook and Morocco," Policy briefs on Economic Trends and Policies 1514, Policy Center for the New South.
  • Handle: RePEc:ocp:pbecon:pbnn_6
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