Morocco’s economy slowed in late 2024 to 3.7%

According to the High Commission for Planning (HCP), Morocco’s economy expanded by 3.7% in the last quarter of 2024, down from 4.2% a year earlier. Local Moroccan media suggested a “slowdown came as agricultural activity declined, while non-agricultural sectors posted modest gains.” Slower expansion was also experienced in key sectors, such as the extraction industries and manufacturing, which accounted for some of the contraction, while construction and public works saw growth, as did utilities.