HomeEconomyMorocco: The IMF forecasts growth of 1.1% in 2022 and 4.6%c in...

Morocco: The IMF forecasts growth of 1.1% in 2022 and 4.6%c in 2023

Le International Monetary Fund (IMF), reported that Ihe Moroccan economy should register a growth rate of 1.1% in 2022, against 3% forecast in January.

In its semi-annual report on the “Prospects for the world economy”, published on Tuesday, the IMF anticipates growth of 4.6% for Morocco in 2023.

The Bretton Woods institution also forecasts a drop in unemployment from 11.9% in 2021 to 11.7% this year before a further decline to 11.1% in 2023. Inflation is expected to reach 4.4%. this year before falling back to 2.3% in 2023. The current account balance stood at -2.9% in 2021, compared to -6.0% in 2022 and -4.0% in 2023.

Globally, growth should stand at 3.6%, down -0.8% compared to January forecasts due in particular to the strong impact of the war between Russia and Ukraine.

“Like seismic waves that travel from the epicenter of an earthquake, the economic repercussions of war are felt far beyond the region, primarily through commodity markets. basic necessities, trade and financial links,” reads the IMF report.




Please enter your comment!
Please enter your name here