The High Commission for Planning (HCP) published on Wednesday the main points of the 2025 budget. Among other things, we learn that the economic growth of the kingdom should stand at 3.8% this year.
The Moroccan economy, after a spectacular third quarter of 2024, should experience a slight slowdown in its growth over the coming months. This is what the High Commission for Planning (HCP) indicates in its latest report.
In Morocco, construction is experiencing an upswing that is not about to stop. The prospects are generally positive, but the sector still faces major challenges.
Despite their continuous increase, the transfers of Moroccans residing abroad (MREs) do not contribute to the economic growth of Morocco, reveals a recent government report, noting that the share of these funds dedicated to investment remains insignificant.
Following the directive issued by Bank Al-Maghrib (BAM) on September 25, 2024, which now caps the domestic interchange rate at 0.65%, the Interbank Monetary Center (CMI) has been forced to align itself.
The international rating agency Moody’s Rating confirmed Morocco’s Ba1 rating on Friday, noting that the kingdom’s economic outlook "remains stable".
Since 2003, Morocco has celebrated August 10th as the National Migrants’ Day. Instituted by King Mohammed VI, it provides an opportunity to highlight the contribution of Moroccans residing abroad (MREs) to the economic, social and cultural development of the kingdom.
A new era of shared economic growth is opening up for Morocco and the United Arab Emirates. The two countries have successfully concluded negotiations for the establishment of a Comprehensive Economic Partnership Agreement (CEPA).
In Morocco, the proliferation of malls is raising concerns. The closures of several franchises recorded in recent times lead to questioning the viability of this commercial model.
Morocco recorded economic growth of 4.1% in the fourth quarter of 2023, compared to 0.7% during the same period in 2022, reveals the High Commission for Planning (HCP).
Fitch Ratings, the American rating agency, has confirmed Morocco’s long-term foreign currency issuer default rating (IDR) at ’BB+’ with a stable outlook.
While some leaders of the South have preferred to integrate the BRICS (Brazil, Russia, India, China, South Africa), Mohammed VI, for his part, has chosen to strengthen his ties with the West.