Morocco–EU trade reaches historic peak in 2024
Trade between Morocco and the European Union soared to a record-breaking $65 billion in 2024, according to an announcement from
Morocco's economic growth is projected to rise from 3% in 2024 to 3.6% in 2025 and 3.4% in 2026, driven by positive outcomes from structural reforms, the European Bank for Reconstruction and Development (EBRD) reported on Friday. Despite a drought impacting agriculture, expansion in manufacturing and construction bolstered the economy in 2024. Core inflation held steady at 2.5% in late 2024. Bank Al-Maghrib, North Africa’s pioneer, reduced the policy rate to 2.75% in mid-2024.
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