Morocco’s national economy is expected to grow by 3.2% in 2024, gradually accelerating to 3.9% in 2025 and 4.2% in 2026, according to forecasts by Bank Al-Maghrib (BAM).
These forecasts are based on medium-term stability in non-agricultural growth estimated at 4.2%, primarily driven by the surge in infrastructure investment, BAM says in a press release issued at the close of its first quarterly Board meeting of 2025.
Agricultural value added, for its part, remains dependent on climatic conditions, having contracted by 4.7 percent in 2024, the same source continued.
Taking into account a cereal harvest of 35 million quintals, based on a preliminary estimate by BAM, and the expected improvement in non-cereal production, it should increase by 2.5% this year, before jumping to 6.1% in 2026, assuming a return to an average harvest of 50 million quintals.
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