Country wrap-up : Morocco

Over the past years , Morocco has achieved undeniable progress in both the economic and social spher e s . Economic growth has been robust, and despite a mild slowdown in 2018 (3.1% vs. 4.1% in 2017), GDP should pick-up over the next two years. Headline i nflat ion remained stable and at low level in 2018 (2.3%) an d should continue to ease in 2019 (1.4%). Publ ic debt remains high, but it is mostly denominated in local currency. A structural very high unemployment rate amongst youth (27% in 2018) remains a major issue the government has to address. Its economy is closely linked with the Euro area.