Despite an international environment marked by weakening external demand and tightening European regulatory constraints, the national economy demonstrates resilience, driven primarily by internal engines. The High Commission attributes the slight growth acceleration essentially to strong performance in agricultural and tertiary activities, with combined contributions reaching 2.9 percentage points. Services, particularly non-market services, tourism, transportation, and leisure, continue supporting economic activity. Moderate European demand, rising American customs duties, and intensifying Chinese competition continue weighing on Moroccan exports. Meanwhile, inflation continued its decline for the third consecutive quarter, reaching -0.1% in the fourth quarter 2025 due to falling food and energy prices.

Source: The North Africa Journal January 13, 2026 21:13 UTC