World Bank sees Morocco’s real output increase 3.4% in 2023

According to the World Bank’s latest economic monitor for Morocco, despite various obstacles, including a slowdown in the global economy, an inflation shock, and the Al Haouz earthquake, the economy has shown resilience and has accelerated, with real output increasing by 3.4 percent in 2023. Growth was driven by a rebound in tourism, as well as a strong performance in export-oriented manufacturing sectors such as automobiles and aeronautics, and a resurgence in private consumption.