A United Nations report released on Thursday has projected Morocco to have a steady increase in economic growth over the next few years.
The report entitled “World Economic Situation and Prospects 2025” highlighted Morocco’s Gross Domestic Product (GDP) which is expected to grow by 3.2% in 2025 and 3.4% in 2026.
The global economic outlook for 2025 is also positive, with a projected growth rate of 2.8 percent. The report highlights that declining inflation and continued monetary easing in several economies may help stimulate global economic activity during this period. However, it cautions that global growth remains below the pre-COVID-19 average of 3.2%, citing factors such as weak investment, slowing productivity growth, and high debt levels.
For Africa, the report anticipates growth to rise from 3.4% in 2024 to 3.7% in 2025, driven by recovery in major economies on the continent. Despite this positive trajectory, challenges such as limited job opportunities, high debt service costs, and the effects of climate change continue to pose significant hurdles for sustainable growth in the region.
The report calls for bold multilateral actions to address interconnected global crises, including debt, inequality, and climate change. It underscores the need for governments to avoid overly restrictive fiscal policies and urges them to prioritize investments in clean energy, infrastructure, and vital social sectors such as health and education.