Analysis by Region - Africa - Morocco
The Moroccan economy is holding up well. Despite a poor cereal harvest, which has constrained primary sector output, the economy is on track to post real GDP growth of 2.7% this year, thanks to solid performances in the secondary sector (particularly mining) and the services sector. Growth in gross fixed capital formation indicates that major infrastructure and industrial projects – the 'grand structuring projects' that will drive future economic growth – are picking up steam. As these projects begin to boost exports and raise wages at home, we forecast that GDP growth will speed up to 3.5% in 2025, and then rise to 3.7% in the following two years.
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook