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Keywords: Economic Outlook


Morocco's Economic Outlook Brightens as Inflation Set to Drop to 1% in 2024

Morocco's inflation rate is projected to decline significantly, reaching a five-year low of 1% in the fourth quarter of 2024, according to Bank Al-Maghrib (BAM), the country's central bank. This marks a substantial improvement from the 6.1% rate recorded in 2023. Core inflation, excluding volatile......

Morocco's Tourism Surge: A Promising Outlook Amid Economic Shifts

As of September 2024, Morocco's tourism sector has demonstrated remarkable resilience, with tourist receipts outpacing expenditures by a factor of four. This positive trend ensures a stable and favorable balance in travel accounts, despite a faster increase in travel spending. In September alone,......

Morocco's Economic Trajectory: IMF Projects Steady Growth Through 2025

Morocco's economy is set for a calculated upswing, with the International Monetary Fund (IMF) forecasting growth rates of 2.8% in 2024 and 3.6% in 2025, signaling a gradual but promising recovery for the North African nation. The latest "World Economic Outlook" report presents an encouraging......

Biden Edges Past Trump in Latest Presidential Poll, Narrow Lead Emerges

In a closely contested race for the White House, President Joe Biden has gained a slender 2% lead over his predecessor, Donald Trump, in voter intentions for the upcoming November presidential election, according to a new poll conducted by Fox News. This narrow advantage underscores the intense battle......

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......

Morocco's Economic Landscape: Resilient Household Spending Amidst Challenges

In the face of a nuanced economic landscape, Morocco demonstrates promising signs of growth, particularly in household consumption, despite encountering various challenges. A recent report from the High Commission for Planning (HCP) projects a 1.2% expansion in household spending during the first quarter......

Morocco's Economic Outlook Dimmed by Drought Conditions

Morocco is poised to experience a slowdown in economic growth in the upcoming months, as highlighted by the recent report from the country's statistics office, Haut-Commissariat au Plan (HCP). The agency projects a modest annual growth rate of +2.4% for the first quarter of 2024, signaling a decline......

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