The Central Bank of Morocco revealed that the Moroccan economy will grow 1.3 percent in 2022, compared to 8 percent in 2021.
"The Moroccan economy has suffered from a difficult international context and an agricultural season characterized by severe drought," said the governor of Bank Al-Maghrib, Abdellatif Jouahri. Pointing out that "despite the unfavorable conditions and the efforts made by the state to mitigate the impact of price hikes on households and contractors (companies), the public financial situation continued to improve, with the budget deficit declining to 5.2% of GDP."
In turn, the High Commission for Planning expected the economic growth rate in the Kingdom to rise to 3.6 percent next year, compared to 3.3 percent this year, assuming an average grain crop and an increase in exports.
Source (Alkaleej Emirati Newspaper, Edited)
