International Monetary Fund says the Arab country Arab economy strengthened in 2023 driven by domestic demand and buoyant exports.
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The Moroccan statistics agency projected a 1.3% increase in the country’s GDP in 2022 and a higher percentage in the next.
The Moroccan Central Bank revised its estimate of GDP growth upward due to value-added agricultural production.
The country’s Central Bank forecasts an economic growth this year, mainly driven by an increased harvest. Inflation has accelerated but is under control. Tourism revenue has declined.