The national economy is expected to grow by 5.7% in 2026, according to forecasts by the Moroccan Conjoncture Center (CMC).
“Assumptions regarding the main factors influencing economic activity, both internal and external, as described above, point to a sharp upturn in the business cycle, with growth rates potentially reaching 5.7%,” states the CMC in issue 51 of its publication, ‘Info-CMC.’
This forecast signals a sharp shift in the growth path compared with the average trend of recent years, the same source continues, noting that this expected recovery in the business cycle is all the more favorable as it is accompanied by a sharp reduction in inflationary pressures.
Indeed, after exceeding 6% in 2022, price increases have been gradually contained in recent years, settling at an average of 0.9% at the end of fiscal year 2025.
The forecasts for the current year are in line with this trend, with the projected inflation rate barely exceeding 1.2%.
Furthermore, the budgetary configuration for the current year, set against an uncertain economic backdrop, has opted to consolidate growth momentum through multiple initiatives aimed at supporting economic activity, continuing major structural reforms, launching new territorial development programs, and strengthening the main pillars of the welfare state, the publication notes.
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