The European Bank for Reconstruction and Development (EBRD) anticipates a positive economic performance in Morocco, as stated in its recent report. Despite the significant challenge posed by a 6.8-magnitude earthquake near Marrakech in September 2023, the country's economy demonstrated resilience. According to the report, although unemployment rose to 13.0 per cent by the close of 2023, inflation saw a decrease to 0.3 per cent by February 2024. Growth prospects remain stable, with a projected growth rate of 3 per cent in 2024 and an increase to 3.6 per cent in 2025. This growth is expected to be driven by a recovery in external demand and increased government investment, the report further indicates. Despite increased spending on post-earthquake reconstruction and social protection programmes, the government is committed to gradual fiscal consolidation while tapping into domestic resources. However, the economy remains susceptible to climate risks due to its reliance on energy imports and seasonal agricultural production.
