The Organization expects a decrease in the country's public debt-to-GDP ratio and a continued decline in inflation this year and next.
The Organization for Economic Co-operation and Development (OECD) forecasts Morocco’s economy will grow by 3.5% in 2024 and 4% in 2025, up from 3.5% in 2023, according to a report released on September 11, 2024.
This growth is expected due to increased investments and strong export performance. The OECD report notes that Morocco’s public debt-to-GDP ratio should gradually decrease as the budget deficit narrows, with the ratio projected to fall from 69.5% in 2023 to 68.9% in 2024 and 68.2% in 2025. Inflation, which has eased due to a global reduction in food price pressures, is also expected to continue its decline, from 6.1% in 2023 to 2.3% in 2024, and further to 2% in 2025.
The report advises Moroccan authorities to tackle the widespread informal sector by improving incentives to work in the formal economy and enforcing regulations more strictly to boost business performance.
It also suggests that increasing labor productivity could be achieved by enhancing workforce skills, making public investment more efficient, boosting competition, ensuring fair business practices, and intensifying efforts to combat corruption.
Senegal’s attempt to diversify its fuel supply by turning to Nigerian crude is bumping up against ha...
• UAC of Nigeria acquired CHI Limited, known for Chivita juices and Hollandia dairy, from Coca-Cola ...
• AfDB chief Sidi Ould Tah met BOAD president Serge Ekué in Abidjan on Aug. 30.• Talks focused on jo...
Financial professionals gathered in Dakar on September 25 for the Structured Finance Africa Forum (S...
• Nestlé, NGOs urge against delay, propose grace period instead• EU cites technical hurdles, trading...
Senegal and the Federal Republic of Germany signed a €17 million ($19.7 million) financing agreement on October 8 to support vocational training and...
An audit by DRC’s Court of Accounts found a $16.8 billion shortfall in mining revenues between 2018 and 2023 due to under-reporting. Prosecutor...
Transnet signed a 25-year concession with FFS Tank Terminals to operate and maintain a liquid bulk terminal in Cape Town. The deal includes a ZAR 195.7...
Anglo American is divesting from platinum and diamonds, including an 85% stake in De Beers, to focus on copper, iron ore, and crop nutrients. CEO...
The Cape Floral Region is one of the world’s biodiversity hotspots and a source of ecological pride for South Africa. Located in the southwestern part of...
The city of Kilwa, located on the southeastern coast of Tanzania, represents one of the most fascinating chapters in the history of the Indian Ocean....