The High Commissioner for Planning in Morocco announced today, Monday, that the country’s economy grew 4.8% in the first quarter of this year, compared to 3% in the same period last year.
The delegate said in a report that the growth was driven by an improvement in agricultural and industrial activities that grew 4.6% and 4.5%, respectively.
She added that growth was also supported by the increase in local demand 8% in the first three months of this year, compared to 4% in the same period last year, which instead of the impact of the negative reading recorded by foreign trade on economic growth, according to “Reuters”.
It is noteworthy that the World Bank Group expected that Morocco’s economy would achieve 3.6% during the current year, with 3.5% in the next year.
The World Bank said in an update of the “Global Economy Prospects” report, that the estimates of the Moroccan economy growth constitute a decrease of 0.3% and 0.1%, respectively, compared to the expectations issued last January.
The Bretton Woods Foundation explained that the Moroccan economy is expected to witness a slight improvement in 2027, to achieve growth of 3.6%, according to the Moroccan “Hespress” website.
