Morocco projects 4.2% growth for 2028-2029

Morocco aims to achieve an average economic growth of 4.2% over the years 2028 and 2029, according to the Budget and Economic Framework report. This growth is supported by a 4.2% annual increase in the non-agricultural sector, along with growth in the industrial and services sectors of 4.3% and 4.1%, respectively. The agricultural sector is also expected to record an average increase of 4.3%, with grain production stabilizing at 70 million quintals annually. This comes in the context of facing economic and social challenges, while continuing reforms, focusing on fiscal discipline, reducing the budget deficit to 3% of GDP, and lowering public debt to 63% by 2029.

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