World Bank Praises Moroccan Economy's Resilience to Shocks

  • International
  • 20 November 2023
1

In a recent report titled "From Resilience to Shared Prosperity", the World Bank predicted that the recovery of the Moroccan economy will strengthen in the medium term and that real GDP growth will reach 3.1 percent in 2024, 3.3 percent in 2025, and 3.5 percent in 2026, as domestic demand gradually recovers from recent shocks.

Morocco is witnessing huge transformations and a qualitative economic shift in various sectors, as Morocco has proven its ability to withstand and respond to crises with maximum speed, making their impact limited on the country's economy.

The World Bank report showed the effectiveness of the economic recovery plan set by King Mohammed VI at the top of the priorities of this stage to support the productive sectors, especially small and medium enterprises, and increase their ability to invest, create jobs, and preserve sources of income.

Source (Al-Arab Newspaper of London, Edited)

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