Agadir \u2013 Morocco\u2019s High Commission for Planning (HCP) released today a new economic outlook predicting the country\u2019s economy to accelerate in the third quarter of 2026 and projecting growth at 5.4%, citing a recovery in industry and strong agricultural performance.<\/p>\n
HCP\u2019s latest outlook<\/a> estimated that the national economy grew by an average of 4.7% during the first six months of the year, driven primarily by the recovery of agricultural activity and the sustained performance of the services sector.<\/p>\n The institution said the economy expanded by 4.6% year-on-year in the first quarter, followed by an estimated 4.8% growth in the second quarter, as favorable rainfall boosted agricultural production while domestic demand remained strong.<\/p>\n Economy remains resilient in first half of 2026\u00a0<\/p>\n HCP expects economic growth to strengthen further in the third quarter, reaching 5.4% year-on-year, supported by a gradual recovery in secondary sectors, including manufacturing and extractive industries.<\/p>\n According to the report, agriculture remained the main engine of growth during the first half of the year. Agricultural value added increased<\/a> by 18.4% in the first quarter and is estimated to have grown by 20.5% in the second quarter, benefiting from favorable winter rainfall.<\/p>\n The services sector also maintained solid momentum, expanding by 4.3% in the first quarter thanks to strong performances in tourism, transport, and trade.<\/p>\n Looking ahead, HCP expects industrial activity to recover in the third quarter as global trade improves and demand strengthens. Extractive industries are also expected to benefit from the easing of U.S. tariff barriers on fertilizers.<\/p>\n Domestic demand continued to boost economic growth throughout the first half of the year, the report noted.<\/p>\n