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Economic growth in Morocco: the AfDB expects a slight improvement in the economy for the years 2024 and 2025

22/02/2024
Source : ORISHAS FINANCE
Categories: Economy/Forex Rate

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The African Development Bank (AfDB) recently published its forecasts for growth in Morocco. It expects a slight improvement in the economy for the years 2024 and 2025

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The

Le rapport AfDB's “Macroeconomic Performance and Prospects in Africa” indicates that Morocco's real gross domestic product (GDP) is expected to grow by 3.5% in 2024 and by 3.9% in 2025, marking an increase compared to the 3% growth rate recorded in 2023. In the North Africa region, growth is expected at 3.9% in 2024 and then slightly increase to 4.1% in

2025.

According to the ADB report, Morocco and its neighbors face several persistent challenges including adverse weather conditions and socioeconomic issues such as high youth unemployment. The ADB warns of the continuing risks of high inflation and geopolitical tensions that could harm economic recovery

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