Moroccan Economic Growth Expected To Decline

  • Rabat, Kingdom of Morocco
  • 30 July 2024
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Morocco's Ministry of Economy and Finance has forecast economic growth of 4.6 percent, exceeding the average of 3 percent in recent years.

Economic growth this year is expected to come below the government's expectations, as it will be limited to 3.3 percent after the High Commission for Planning was betting on economic growth reaching 3.7 percent through the year's finance law.

On the other hand, the World Bank and the High Commission for Planning estimate that the growth rate will not exceed 3 percent this year, due to the sharp decline in agricultural production, as cereal production is expected to decline in the current season by 43 percent compared to the previous season, to reach 3.11 million tons.

Source (Al-Araby Al-Jadeed Newspaper, Edited)

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