Morocco’s Economic Growth Reaches 2.4% in Q2-2024

Rabat - The national accounts for the second quarter of 2024 show a slowdown in the growth of the national economy to 2.4%, compared with 2.5% in the same quarter of 2023, according to the High Commission for Planning (HCP). Driven by domestic demand, this growth was achieved against a backdrop of controlled inflation and a financing requirement for the national economy representing 1.1% of GDP, notes the HCP in a report on the national economic situation in the second quarter of 2024. Non-agricultural activities recorded an increase of 3.2%, while agricultural activities fell by 4.5%, says the HCP. GDP rose by 2.4% in terms of volume, compared with 2.5% in the second quarter of the previous year. At current prices, GDP rose by 3.6%, with the general price level increasing by 1.2%, compared with 7.3% in the second quarter of the previous year. Source: Agence Marocaine De Presse