Morocco: In 2023, development can be round its “common stage” earlier than the pandemic (report)

by times news cr

2024-06-05 15:11:31

“The 12 months 2023 ought to see a resumption of development to be round its common stage earlier than the pandemic. Forecasts anticipate development of round 3.4% in 2023, or greater than 2 factors of development. share in comparison with 2022″, signifies this report printed on the web site of the Ministry of the Financial system and Finance.

This restoration can be as a result of return of development in agricultural added worth, explains the identical supply, noting that after a low 2021/2022 cereal harvest of 33.4 million quintals (Mqx), the 2022/2023 harvest, which can The determine, which stands at 55.1 Mqx, constitutes a relative enchancment.

The acceleration in development must also profit from the return of the rise within the secondary sector, after the slight contraction in 2022 and from the consolidation of the development of the tertiary actions sector.

The report additionally highlights that family consumption would have benefited, in 2023, from the widely constructive conduct of revenue indicators, together with shopper credit (+1% on the finish of final August) and transfers from Moroccans dwelling overseas. (+7.2% on the finish of August 2023), in addition to the creation of paid jobs (+112,000 positions in Q2-2023).

It might additionally profit from the gradual easing of the worth enhance recorded since final March.

On the identical time, the favorable conduct of imports of capital items and gear loans (+16.6% and +9.3% respectively on the finish of final August) point out an enchancment within the funding dynamic, which can also be justified by the evolution of apparatus expenditure within the Common State Finances which elevated by 25.4% on the finish of September.

As for inflation, its fee started to say no in 2023, even when it stays at excessive ranges. A month-to-month inflation peak was reached in February 2023 the place the speed reached 10.1% year-on-year.

This fee started to decelerate from the next month, lastly reaching 4.9% in July 2023 and stagnating round 5% in August of the identical 12 months.

2024-06-05 15:11:31

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