Growth of the Moroccan economy is expected to reach 3.1% in 2024 and 3.3% in 2025, indicates the International Monetary Fund (IMF) in its report on the outlook for the world economy. Inflation would be established at a rate of around 2.2% in 2024 and 2.5% in 2025.
In a report made public during its spring meetings in Washington with the World Bank, the international financial institution forecasts inflation established at 2.2% in 2024 and 2.5% in 2025. Regarding the unemployment rate, it should reach 12% this year before decrease slightly to 11.5% in 2025. The IMF anticipates that the Kingdom’s current account balance will settle at -2.6% in 2024 then at -2.9% the following year. In the Middle East and Central Asia region, growth is expected to reach 2.8% this year and 4.2% in 2025, while in sub-Saharan Africa, the growth rate is 3.8% in 2024 and 4% the following year. Furthermore, the Bretton Woods institution anticipates resilient global growth for 2024 and 2025 of around 3.2%, estimating that most indicators seem to herald a “soft landing”. This growth remains “uneven” given the numerous difficulties on the horizon, including conflicts which “continue to cause loss of life and increase uncertainty”, notes the Washington-based institution. According to the latest projections, growth for 2024 and 2025 will remain stable at around 3.2%, and the median headline inflation rate will fall from 2.8% at the end of this year to 2.4% at the end of 2025. The resilience of growth and the acceleration of disinflation can be explained by the favorable evolution of supply, notably « the dissipation of shocks » on energy prices, explains the same source, noting the impact of the marked rebound in labor supply supported by significant immigration flows in many advanced countries, as well as “decisive” measures in terms of monetary policy. “Despite these welcome developments, many difficulties persist and decisive measures are required”, nuance the IMF which says it is concerned by the rise in inflation rates and the large disparities between low-income developing countries and the rest of the world.
