Morocco’s global economic growth is expected to slow from 4.9% in 2025 to 4.4% this year and 2.9% in 2027, according to Bank Al-Maghrib (BAM) outlook.
Agricultural value added is expected to rebound by 16% this year, based on a cereal harvest estimated by the Department of Agriculture at 93 million quintals (MQx), before declining by 7.6% in 2027, assuming a return to an average cereal output of 50 MQx, BAM states in a press release issued following its Board’s third quarterly meeting of 2026.
As for non-agricultural activities, their growth rate is expected to slow from 4.5% in 2025 to 3.1% this year, reflecting less favorable-than expected developments in some sectors, particularly mining and manufacturing, before rebounding to 4% in 2027.
the situation will be difficult in 2026 and 2027. I think inflation and price of energy commodities will increase