Recent data from the High Commission for Planning showed that Morocco’s economy grew by 5.5 percent in the second quarter of this year — its fastest pace since the post-COVID recovery phase of 2021.
The Commission expects growth to slow to 4.3 percent in the third quarter due to a “less supportive” environment in Europe, while it may accelerate slightly to 4.7 percent in the fourth quarter, supported by stronger foreign demand driven by the expected gradual easing of interest rates on consumption and investment in both Europe and the United States.
The Commission also noted a more moderate improvement in the labor market, with employment rising by 1.4 percent year-on-year, compared to 3.4 percent in the first quarter.
