Morocco’s High Commission for Planning published today results for the first quarter of 2024, showing that the Moroccan economy experienced a slowdown in growth, expanding by 2.5%, compared to 3.9% in the same period of the previous year.
Here are key points from the report:
- The Moroccan economy grew slower in Q1 2024 compared to Q1 2023.
- Growth was driven by domestic demand, particularly household consumption and investment.
- Foreign trade hurt growth due to strong import growth.
- The inflation rate remained under control.
- The national saving rate increased.
- The economy’s financing capacity improved.
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