Morocco is projected to experience an economic growth of 2.8% in 2023 and 3.6% in 2025, according to the latest forecasts from the International Monetary Fund (IMF), released on Tuesday.
In its updated “World Economic Outlook,” the IMF anticipates inflation will be at 1.7% in 2024 and rise to 2.3% in 2025. The unemployment rate is expected to reach 13.4% this year, with a decline to 12.6% forecasted for 2025.
These projections were made public during the IMF and World Bank’s annual meetings in Washington. The IMF also predicts that Morocco’s current account balance will be -2.0% in 2024 and -2.3% in 2025.
Looking further ahead, the IMF estimates Moroccan economic growth will average around 3.4% by 2029, alongside a projected slowdown in inflation to 2.0% during the same period.
In the broader Middle East and North Africa region, growth is expected to reach 2.1% in 2024, with a significant increase to 4.0% in 2025. Inflation in the region is projected to range from 14.8% in 2024 to 11.6% in 2025, according to the IMF’s forecasts.
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