15 Nov 2018, Gergana Bencheva, EMIS Editor
Fitch confirms Morocco’s “BBB-” rating with stable outlook
On the other hand, Fitch underlined that Morocco still faced problems such as weak development, high government debt, and wide budget and current account deficits. For example, the agency expects the country’s budget deficit to widen to 3.8% of GDP in 2018. Also, it noted that the government’s target to reduce its debt to 60% of GDP in 2021 was unattainable.
According to Fitch’s estimates, Morocco’s GDP growth will reach 3.2% in 2018-2020, down from 4.1% in 2017, CEEMarketWatch added.
Sign in and read the full article in emis.com, or find out more about EMIS. Original source: CEEMarketWatch