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Morocco's Economy Expected to Grow 4.8% in 2023 Despite Iran’s War, Agriculture Projected to Rise 20.5%
The High Commission for Planning's report forecasts that the country's economic growth will continue at a rate of 4.8% during the second quarter of 2026, despite ongoing international conflicts and their impact on the global economy and supply chains. It explains that the agricultural sector will still support economic activity, with added value increasing by 20.5%, while services activities will grow by 4.3%. A balanced recovery in the construction sector is also expected, whereas manufacturing industries will experience a slight increase of 0.3% due to weak external demand. Inflation is projected to rise to 1.1% as a result of higher fuel prices, with household consumption increasing by 4.7% and a slight decline in latent inflation to -0.2%.
Notice: This Is an AI-Generated Summary
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