Morocco's Economic Growth Projected at 3.9% for 2025

Wednesday 23 April 2025 - 14:30

By: Dakir Madiha

Morocco's Economic Growth Projected at 3.9% for 2025

Morocco's economy is set to expand by 3.9% in 2025, with a subsequent growth rate of 3.7% anticipated for the following year, according to the latest forecast from the International Monetary Fund (IMF). This outlook was unveiled during the Spring Meetings of the IMF and World Bank held in Washington, providing a cautiously optimistic perspective on the country's economic trajectory.

The report indicates that inflation, which has been a significant concern for households, is expected to stabilize at 2.2% in 2025, followed by a slight increase to 2.3% in 2026. This stabilization is crucial as it may alleviate some of the financial pressures that families have faced in recent years.

Additionally, the unemployment rate, which peaked at 13.3% in 2024, is projected to decrease to 13.2% in 2025 and further to 12.9% by 2026. This gradual decline in unemployment reflects a positive shift in the labor market, contributing to overall economic stability.

However, the IMF notes a slight widening of the current account deficit, predicted to reach -2.0% in 2025 and -2.2% in 2026. Despite this increase, these figures remain within manageable limits for a developing economy, suggesting resilience in Morocco's financial framework.

The broader Middle East and North Africa region is expected to experience a slower recovery than previously anticipated, with growth rates projected to rise from 1.8% in 2024 to 2.6% in 2025 and 3.4% in 2026. These figures, while improving, fall short of earlier estimates, reflecting ongoing global economic uncertainties.

Overall, the IMF's projections indicate that Morocco is on a stable path, navigating challenges with a measured and optimistic approach as it moves toward 2025.