Morocco's economy to grow 3.7%, fiscal deficit at 4% of GDP in 2024 - minister

A general view of Tanger-Med container port in Ksar Sghir near the coastal city of Tangier, Morocco, June 26, 2019. Youssef Boudlal, Reuters Image used for illustrative purpose.
Reuters

The minister in charge of the budget said

Ahmed El Jechtimi, Reuters News

July 14, 2023

PHOTO
A general view of Tanger-Med container port in Ksar Sghir near the coastal city of Tangier, Morocco, June 26, 2019. Youssef Boudlal, Reuters Image used for illustrative purpose.

Morocco's economy is forecast to grow by 3.7% in 2024 after an expected 3.4% growth this year, the minister in charge of the budget said, citing drought and inflationary pressures.

The 2024 forecast assumes an average cereals harvest and annual inflation at 3.4%, Fouzi Lekjaa told members of parliament.

The 2024 fiscal deficit is expected to narrow to 4% of GDP in 2024 from 4.5% this year. (Reporting by Ahmed El Jechtimi; Editing by Alison Williams)

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