Morocco

Morocco’s economy is poised to continue along its trajectory of economic growth, but GDP expansion rates will depend on the policy choices made by the government. Although estimates by the IMF project that annual growth rates will reach 4.5% in 2024, there is still the matter of ensuring that GDP growth translates into improving conditions across all segments of the population.

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The long-term vision of the Dakhla-Oued Eddahab region of Morocco is anchored in its advantageous geographic position as a commercial and logistical hub for North and West Africa, and an entry point for regional and continental investment.

Driven by a combination of higher commodity prices, the relaxing of lockdowns and a recovery in global trade, Africa has had some success in overcoming the recession provoked by the coronavirus pandemic and returned to growth in 2021.

While Morocco was severely impacted by the pandemic, it is projected to return to positive growth in the near term.

Economic zones in Africa have had a significant impact on trade volumes across the continent, as well as on job creation and foreign direct investment inflows.

Despite an increase in crop production and international trade following a pandemic-disrupted 2020, global food prices have risen to 10-year highs, increasing pressure on many emerging markets.

Internationally known for its capital, Agadir – a traditional holiday destination for European tourists – Souss Massa is increasingly positioning itself as an industrial centre and strategic gateway between North and sub-Saharan Africa. 

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