Morocco's Economic Growth Forecast Raised to 5.4% Due to Investment Revival, US Tariff Reduction, and Increased Fertilizer Demand from Japan and India
The report indicates that the Moroccan economy is expected to continue growing significantly in the third quarter of 2026, with the growth rate anticipated to reach 5.4%, up from 4.8% in the second quarter. This positive outlook is driven by factors such as improved performance across productive sectors, especially the agricultural sector, which is expected to record nearly 20% growth, and increased external demand for fertilizers due to the reduction of American tariffs and rising orders from India and Japan. Additionally, a rise in investments by up to 11.1%, along with an improvement in domestic demand led by household consumption, supports economic growth, despite an expected decline in inflation to 1.2%. However, external risks such as energy price fluctuations and geopolitical tensions remain potential threats, even as internal factors stay stable and continue to support the Moroccan economy.
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