The Moroccan economy continued to show resilience to negative shocks. Despite waterscarcity, the September 2023 earthquake, and challenging external conditions, economicactivity picked up to 3 percent in 2023 thanks to strong exports and a rebound of domesticdemand. Notwithstanding the pickup in growth, unemployment rose to 13.3 percent at the endof 2023, mainly reflecting the impact of water scarcity on the agricultural sector. GDP growth isexpected to gradually pick up to 3% percent over th
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