As per a report by EBRD, Morocco’s economy exhibited robust recovery signs with a YoY growth of 3.4% in H1 2023, not factoring in the recent earthquake effect. The country had previously faced sluggish growth, with only a 1.3% uptick, mainly driven by drought effects impacting agriculture, a vital sector. However, the EBRD anticipates a significant growth resurgence in 2023, with projections hovering around 3.1%. Morocco also experienced diminished inflation rates, and a revival in domestic demand further propels the country’s economic revival.