Exploring France and Morocco
13/11/2018
This month, our experts, Hélène Baudchon and Stéphane Alby, from BNP Paribas Economic Research Department, examine France and Morocco’s economic perspectives
By pursuing your navigation on our website, you allow us to place cookies on your device. These cookies are set in order to secure your browsing, improve your user experience and enable us to compile statistics. For further information, please report to our cookie policy.
13/11/2018
This month, our experts, Hélène Baudchon and Stéphane Alby, from BNP Paribas Economic Research Department, examine France and Morocco’s economic perspectives
After a market soft patch in the first half of 2018, growth in France will probably get some colour back in the second part of the year, despite a less supportive external economic environment. Consumer spending should get a boost from tax cuts and increases in social minima planned for the end of the year. This positive impact is expected to last into 2019, buffering the growth slowdown. Other fiscal stimulus measures will also be at work, and the first results of the labour market reforms and the ‘PACTE’ growth and business reform act could start to show up.
To read the full analysis: here
Morocco’s performance was mixed during the first half of 2018. The economic growth recovery is still mild despite good performances in the tourism and manufacturing sectors. Social unrest is rising against a backdrop of endemic unemployment, while the economy is hit again by a swelling energy bill. After several years of consolidation, the twin deficits are expected to widen slightly this year. Although Morocco’s macroeconomic fundamentals are still solid, structural reforms are needed to raise the growth potential.
To read the full analysis: here
The Market Passport facilitates your access to 27 major markets where BNP Paribas Securities Services has direct infrastructure membership, bringing together key figures and information on local practices. It also offers details on our local capabilities and presence.
Click here for France
Click here for Morocco
Read our last economic article: Exploring the global economy and Germany
Link towards BNP Paribas Economic research portal