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World Bank expects Morocco’s Economic Growth to average 3.4% in 2024

Morocco’s economic growth is expected to continue to slow in 2024, growing at 3.4%, slightly higher than the projected 3.1% for 2023, according to a publication from the World Bank (WB).

After a staggering post-pandemic rebound of 7.9% in 2021, Morocco’s economic growth took a hit in 2022, slowing down to an estimated 1.2% on the backdrop of the lingering disruptions to the global supply chain, and the drought that had crippled the country’s agriculture, a sector that makes up 14% of the country’s Gross Domestic Product (GDP).

Link: https://www.moroccoworldnews.com/2023/04/354907/world-bank-expects-moroccos-economic-growth-to-average-3-4-in-2024

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