Thursday 16 May 2024 – 16:46
The European Bank for Reconstruction and Development (EBRD) projected a 3% annual growth rate for Morocco’s economy in 2024 according to a recent report. Despite challenges like the earthquake in 2023, the kingdom’s economy remains resilient.
The EBRD forecasts a 3.6% growth in 2025, driven by recovery in external demand and increased government investment. The report notes Morocco’s vulnerability to climate risks due to energy imports and agricultural production fluctuations.
Macroeconomic stability, supported by the IMF and international donors, has helped Morocco, Egypt, and Jordan. However, the country faces challenges like rising unemployment and inflation. The government’s fiscal consolidation efforts aim to address these issues.