Morocco expects a slight acceleration of its economy this quarter, with an expected growth of 3.4%, compared to 3.2% in the previous quarter, according to forecasts from the High Commission for Planning (HCP).
According to the HCP, the agricultural sector plays an important role in this recovery, with the added value expected to increase by 6.8%, thanks in particular to anti-drought measures guaranteeing a sufficient supply of barley for breeding.
The non-agricultural sector will not be outdone, with a forecast growth of 3.3%. This recovery is mainly supported by the resilience of demand, particularly favoring accommodation and food services since mid-2021. In addition, manufacturing output is expected to rise by 1.6%, boosted by growing demand for construction-related industries and a continued boom in transportation equipment manufacturing.
At the same time, the service sector should see growth of 4.5%, while the construction sector should gradually pick up thanks to an increase in the production of social housing.
