Domestic demand in Morocco experienced a notable surge in the second quarter of 2024, showing a remarkable 5% increase compared to a mere 0.1% rise during the same time last year. This significant rebound contributed 5.2 percentage points to Morocco’s overall economic growth, a stark contrast to the almost negligible 0.01-point increase seen in the previous year.<\/p>\n
Here are the key highlights from the report:<\/p>\n
– Domestic demand, which encompasses household, investor, and government spending, serves as a crucial indicator of economic health.
\n– Consumer spending played a pivotal role in the country’s economic recovery, with household final consumption expenditures rising by 3.1%, compared to only 0.6% a year earlier. This translated to a contribution of 1.7 percentage points to GDP growth, a substantial increase from 0.4 points last year.
\n– The increase in consumer spending reflects growing consumer confidence, driven by easing inflation and stable labor markets.
\n– On the other hand, government spending saw a slowdown, with public sector final consumption increasing by just 3.8%, down from a 4.9% growth in the same quarter last year. This contributed a modest 0.7 percentage points to GDP growth as the government shifts its focus from pandemic relief measures to more targeted fiscal approaches.
\n– Investment also provided a significant boost to the economy, with gross fixed capital formation (GFCF) rising by 8.9%. This marks a strong recovery from the 4.2% contraction reported in the second quarter of the previous year, leading to a contribution of 2.7 percentage points to economic growth, a significant turnaround from the negative impact of 1.4 points observed last year.<\/p>\n
Overall, Morocco’s economic landscape is showing positive signs of recovery as domestic demand strengthens and investment rebounds.<\/p>\n","protected":false},"excerpt":{"rendered":"
Domestic demand in Morocco experienced a notable surge in the second quarter of 2024, showing a remarkable 5% increase compared to a mere 0.1% rise during the same time last year. This significant rebound contributed 5.2 percentage points to Morocco’s overall economic growth, a stark contrast to the almost negligible 0.01-point increase seen in the […]<\/p>\n","protected":false},"author":5,"featured_media":3708,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[13],"tags":[1985,1982,1874,1980,57,1766,1984,58,1983,1981,256,1870],"class_list":["post-3707","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-boosting","tag-demand","tag-domestic","tag-domestic-demand","tag-economic","tag-economic-growth-morocco","tag-fueling","tag-growth","tag-jumped","tag-morocco-economy","tag-moroccos","tag-performance"],"_links":{"self":[{"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/posts\/3707","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/comments?post=3707"}],"version-history":[{"count":1,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/posts\/3707\/revisions"}],"predecessor-version":[{"id":3709,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/posts\/3707\/revisions\/3709"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/media\/3708"}],"wp:attachment":[{"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/media?parent=3707"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/categories?post=3707"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/tags?post=3707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}