Morocco Economic Snapshot

Economic Forecast Update (June 2023)

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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juin 2023

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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