Morocco is projected to experience a growth rate of 3.1% in 2024, followed by a slight increase to 3.3% in 2025, according to the International Monetary Fund’s (IMF) latest report “World Economic Outlook” of this month.
These predictions were presented during the IMF’s spring meetings with the World Bank.
The IMF also anticipates inflation to remain steady at 2.2% in 2024, with a modest rise to 2.5% in 2025.
Unemployment rates are expected to decrease marginally from 12% in 2024 to 11.5% in 2025.
Regarding the current account balance, the IMF projects a slight increase in the budget deficit, from 2.6% in 2024 to 2.9% in 2025.
Besides the Kingdom’s economic outlook, the IMF’s report also offered insights into global economic trends with expectations that global growth will remain resilient at around 3.2% for both 2024 and 2025.
This prediction is supported by favorable supply-side dynamics, including the attenuation of energy price shocks and a stronger labor supply due to large migration flows in advanced economies.
However, the report also recognized the ongoing challenges, such as inflationary pressures and disparities between low-income developing countries and the remainder of the world.