Language:
English
Pages:
1 Online-Ressource
Series Statement:
2193
Keywords:
Agriculture
;
Atlas Region
;
Earthquake
;
Economic Growth
;
Environment
;
Female Labor Force
;
Gender
;
Gender and Development
;
Macroeconomics and Economic Growth
;
Natural Disasters
;
Poverty
;
Social Protections and Assistance
;
Social Protections and Labor
;
Tourism
;
Women's Economic Empowerment
Abstract:
The Moroccan economy is recovering. Following a sharp deceleration in 2022 caused by various overlapping commodity and climatic shocks, economic growth increased to 2.9 percent in the first semester of 2023, driven primarily by services and net exports. Inflation has halved between February and August 2023, but food inflation remains high. Lower commodity prices havealso contributed to a temporary narrowing of the current account deficit. The response to recent crises and the unfolding reform of the health and social protection systems are exerting pressures on public spending. However, the government is managing to gradually reduce the budget deficit
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