The central bank of Morocco expects inflation to fall to 1.5 percent this year, from 6.1 percent last year, due to easing external inflation pressures. It will rise again to 2.7 percent in 2025. Bank Al-Maghrib also predicted economic growth of 2.8 percent in 2024 before accelerating to 4.5 percent in 2025.
Lower agricultural output would reduce economic growth to 2.8 percent this year from 3.4 percent last year, the bank said. Growth is expected to rise to 4.5 percent next year if the cereal harvest improves.
The bank said foreign exchange reserves are expected to reach 382 billion dirhams ($38.4 billion) by the end of this year, enough to cover imports of goods for about 5.5 months.
Source (Al-Arabiya.net Website, Edited)
