Morocco’s economic growth slows to 3.7% in Q4 2024

Morocco’s economy grew by 3.7% in the fourth quarter of (Q4) 2024, down from 4.2% a year earlier, driven by domestic demand amid controlled inflation and rising financing needs, in a report by the High Commission for Planning.

According to government friendly Hespress, while non-agricultural activities expanded by 4.4%, the agricultural sector contracted by 4.9%, and the secondary sector saw a slowdown, with manufacturing and extraction industries losing momentum.

Despite growth in hospitality, trade, and public services, several sectors, including finance, real estate, and communications, experienced weaker performance, highlighting ongoing economic challenges.

Hespress