Rabat – Morocco’s economy could grow by 3.9% in 2025 and maintain steady momentum with 3.7% the following year, according to the latest outlook from the International Monetary Fund (IMF).
Released during the Spring Meetings of the IMF and World Bank in Washington, the report paints a cautiously optimistic picture for the country, where inflation appears to be under control and unemployment may slightly retreat from current levels.
After peaking at 13.3% in 2024, the unemployment rate is expected to ease to 13.2% in 2025 and fall further to 12.9% by 2026.
Inflation, which has posed challenges for households in recent years, is projected to stabilize at 2.2% in 2025 and 2.3% the year after.
The IMF also notes a slight widening of the current account deficit, which may reach -2.0% in 2025 and -2.2% in 2026. Still, these figures remain within a manageable range for a developing economy.
The broader Middle East and North Africa region faces a slower recovery than previously anticipated.
Regional growth is expected to pick up from 1.8% in 2024 to 2.6% in 2025 and 3.4% in 2026, figures that fall short of last October’s estimates.
While global uncertainty continues to shape economic outcomes, the IMF’s projections suggest that Morocco remains on a stable, if modest, path forward.
