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Morocco's Economy Anticipated to Expand by 3.1% in 2024 Despite Inflationary Pressures

Morocco is poised for robust economic growth, with projections by the International Monetary Fund (IMF) forecasting a 3.1% expansion in 2024. This positive outlook persists despite the country grappling with inflationary challenges. The IMF's latest forecast, unveiled during the spring meetings......

Moroccan AI Landscape Garners International Attention as Firms Seek to Foster Ecosystem Development

The United States is eager to collaborate closely with Morocco to facilitate trade, investment, and digital transformation, with the aim of driving economic growth. In a recent effort to explore Morocco's Artificial Intelligence (AI) landscape and promote its ecosystem development, the American Chamber......

Moroccan Economy Grows in Q1 2024 Despite Agricultural Challenges

The national economy of Morocco is reported to have grown by 2.9% in the first quarter of 2024, driven by a 4% increase in non-agricultural value added, according to the Haut-Commissariat au Plan (HCP). Despite a downturn in agricultural value added, economic activity continued to improve, mainly propelled......

National Economic Growth: Rebound to 4.1% in the Fourth Quarter of 2023

The Moroccan national economy showed a notable improvement in the fourth quarter of 2023, according to data released by the High Commission for Planning (HCP). Economic growth reached 4.1%, marking a significant increase compared to the same period in 2022, when it stood at 0.7%. Driven by domestic......

Morocco's Resilient Ascension: Conquering Inflation and Economic Turbulence

In an era fraught with global tribulations, Morocco has emerged as a paragon of resilience, surmounting economic challenges and distinguishing itself on the world stage. The North African nation's extraordinary economic performance, marked by sturdy growth and a sharp decline in inflation, has captivated......

Driving Morocco's Sustainable Economic Growth: ONCF and CDG Unite

Moroccan institutions, the Caisse de Dépôt et de Gestion (CDG) and the National Office of Railways (ONCF), have cemented a strategic alliance aimed at propelling the nation's economic development through sustainable initiatives. Directors Khalid Safir and Mohamed Rabie Khlie have formalized......

Morocco's Ports Propel Economic Surge in 2023

In 2023, Morocco experienced a significant uptick in its trade sector, driven largely by impressive gains in port revenues as reported by the National Ports Agency (ANP). This article reviews the ANP's financial results, highlighting key figures and trends that underscore Morocco's robust economic......

Elevating the UK-Morocco Partnership: Seizing Opportunities for Mutual Growth

The longstanding partnership between the UK and Morocco is ripe for rejuvenation, as emphasized in a recent report by the Institute for Free Trade. With Brexit heralding a new era of bilateral relations, the think tank urges Britain to embrace the opportunities presented by Morocco's vibrant private......

Challenges Persist for Morocco's Economic Growth Amidst High Inflation and Unemployment

Morocco's economic outlook remains moderate, but the nation grapples with persistent challenges of inflation and unemployment, hindering its socioeconomic progress, as noted by analysts. According to the Africa Development Bank, GDP growth is expected to increase from an estimated 3% this year to......