The World Bank stated today, Saturday, that "the Moroccan economy has shown the ability to withstand various challenges." The bank added in a statement published on its website that "despite various obstacles, including the slowdown of the global economy, inflation shocks, and the Al Haouz earthquake, the Moroccan economy has demonstrated resilience and accelerated, with real output rising by 3.4 percent in 2023."
The World Bank explained that "the growth was driven by a recovery in tourism, strong performance in export-oriented manufacturing sectors such as automotive and aviation, and a rebound in private consumption." According to the statement, "supportive macroeconomic policies, including the expansion of the public sector and strategies for fiscal discipline, contributed to this economic acceleration." The statement also noted that Morocco has witnessed a significant increase in foreign direct investment "which provides substantial development opportunities," while also indicating that the private sector faces challenges.
