Ahmad 
Morocco’s economy will grow by more than 3% in 2024, the Moroccan statistics agency said.
The forecast assumes that external demand for Moroccan goods will improve, and cereal yields will fall below average due to drought.
The World Bank estimates that growth has rebounded in Morocco, despite the earthquake in September, as the agricultural sector recovers.
The High Commission for Planning in Morocco estimates that economic growth during the first quarter of this year is expected to reach 2.4%, representing a slowdown in the growth rate on an annual basis, compared to a rate of 3.5% during the first quarter of last year.
The fiscal deficit is expected to narrow to 4.5% of GDP in 2024 from 4.7% in 2023, supported by lower subsidy spending.
The current account deficit is expected to widen to 0.4% of GDP for the year after a surplus of 0.1% of GDP recorded last year.
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