Morocco’s Economic Growth Slows to 3.7% in Q4 2024

Morocco’s Economic Growth Slows to 3.7% in Q4 2024

The national economy in Morocco grew at a slower pace in the fourth quarter of 2024, with GDP expanding by only 3.7%, down from 4.2% in the same period last year, according to data from Morocco’s statistics office (HCP). Domestic demand was the main driver of the country’s economic growth, as inflation remained under control. However, the economy faced an increasing financing gap. Non-agricultural activities saw moderate gains, growing at a rate…

The decree of the national accounts of the second quarter of 2024 shows a slowdown in the growth of the national economy of 3.7% instead of 4.2% in the same quarter of 2023, says the Office of the High Commissioner for Planning (HCP). This growth, mainly driven by domestic demand, has been recorded in a context marked by a mastery ... This article Morocco: An economic growth of 3.7% in the T4-2024 appeared first on Diplomatic Morocco.