IMF Expects Moroccan Economy to Grow by 2.8% in 2024

The International Monetary Fund (IMF) revealed in a recent report issued on Tuesday its projections for the performance of the Moroccan economy over the next two years. According to the report, the Moroccan economy is expected to record a growth of 2.8% in 2024, with predictions of this rate rising to 3.6% in 2025.

These projections came as part of an update to the “World Economic Outlook” report issued by the IMF on the occasion of the annual meetings of the International Monetary Fund and the World Bank in Washington.

Regarding inflation, the Fund expects it to reach 1.7% in 2024, rising to 2.3% in the following year. As for the unemployment rate, it is expected to reach 13.4% this year, before decreasing to 12.6% in 2025.

The report indicated that Morocco’s current account balance will stabilize at -2.0% in 2024, then decline to -2.3% in the following year.

In the long term, the IMF expects the Moroccan economy to achieve growth of 3.4% by 2029, with inflation slowing to 2.0% during the same period.

For the Middle East and North Africa region, the Fund projected growth to reach 2.1% in 2024, before significantly rising to 4.0% in 2025. It also predicted that the inflation rate in the region would range between 14.8% in 2024 and 11.6% in 2025.

These projections come at a time when the global economy faces multiple challenges, making these figures of great interest to both policymakers and investors alike.

About محمد الفاسي