Morocco’s economy is expected to grow 3.9% in 2025, up from an estimated 3.2% this year, driven by strong domestic demand, rising investment, and a rebound in non-agricultural sectors, according to the African Development Bank (AfDB).
The forecast, published Tuesday in the AfDB’s 2025 African Economic Outlook report during its Annual Meetings in Abidjan, also factors in expectations for a stronger agricultural season after years of recurring droughts.
Growth is seen moderating slightly to 3.7% in 2026, as export industries face headwinds from rising U.S. tariffs.
Inflation is forecast to ease to 2% in 2025 and 2.3% in 2026, while the budget deficit is projected to narrow to 3.6% of GDP next year and 3.3% the following year, reflecting improved tax revenue collection and a reduction in butane subsidies.
However, the current account deficit is expected to widen to 2.1% of GDP in 2025 and 2.6% in 2026, as Morocco ramps up infrastructure-related imports.
The AfDB flagged ongoing risks tied to climate volatility and softening global demand, but noted that ongoing reforms—particularly in water resource management and trade diversification—could help cushion external shocks.
add your comment
Terms of publication : Not to offend the writer, people, sacred things, or attack religions or the divine self, and refrain from racist incitement and insults.