Morocco Economic Snapshot
Economic Forecast Update (June 2023)
Economic Outlook Note - Morocco
Growth will recover to 3.5% in 2023 and 3.7% in 2024 as global economic tensions ease and foreign demand for goods and services rebounds. Since rainfall during the winter season has been higher than in the previous year, agriculture can contribute more strongly to economic activity. Inflation has put pressure on the purchasing power of households and businesses, but is expected to gradually decline over the coming two years. Severe droughts would negatively affect the outlook.
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Perspectives économiques Note - Maroc
La croissance va se redresser pour atteindre 3.5 % en 2023 et 3.7 % en 2024, sur fond d’atténuation des tensions économiques mondiales et de rebond de la demande étrangère de biens et de services. Les pluies tombées pendant l’hiver ayant été plus abondantes que l’année précédente, l’agriculture peut contribuer plus fortement à l’activité économique.
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