The credit rating agency Fitch expects Morocco’s real GDP to grow by 2.8 percent in 2024, supported by spending on infrastructure and the strong performance of the industrial sector, amid good performance of banks, despite the challenges they face at the macroeconomic level and operating Local conditions.
Fitch revealed in a report that the profitability of the banking sector will continue to improve in 2024, supported by higher revenues thanks to higher interest rates, and the profitability of major banks in the local banking system is likely to be greater than that of small banks, supported by the growth of their balance sheets with high-interest rates in most African markets.
Source (Al-Sharq Al-Awsat Newspaper, Edited)
