The Moroccan economy is expected to register a growth rate of 3% in 2023, according to the International Monetary Fund (IMF).
In its “World Economic Outlook” report published on Tuesday, the IMF anticipates growth of 3% for Morocco in 2023 and 3.1% in 2024.
The Bretton Woods institution also forecasts a drop in unemployment from 12.9% in 2022 to 11% this year before a further decline to 10.5% in 2024.
Inflation is expected to reach 4.6% this year before falling to 2.8% in 2024.
Morocco’s current account balance is expected to fall from -4.3% in 2022 to -3.7% in 2023 and then to -3.5% in 2024, according to the report published on the occasion of the IMF’s spring meeting and the World Bank which is held in Washington.
Globally, growth is expected to be 2.8% this year before increasing slightly to 3% in 2024.
Global inflation will decline, albeit more slowly than initially expected, from 8.7% in 2022 to 7% this year and 4.9% in 2024, according to the same source.