Positive Economic Growth Forecast for Morocco
The African Development Bank (AfDB) has released an optimistic forecast indicating that Morocco’s economy is set to grow by an impressive 4.2% by the end of 2026. This growth trajectory is primarily fueled by robust household consumption and significant investments in infrastructure, as detailed in the AfDB's 2026 African Economic Outlook report. This report was unveiled during the Bank’s Annual Meetings, which are currently ongoing until May 29 in Brazzaville.
According to the AfDB, key sectors such as agriculture, manufacturing, construction, and tourism are expected to remain the primary contributors to this strong national economic growth. These sectors have historically been the backbone of Morocco’s economy, and their continued expansion is crucial for sustaining this positive outlook.
Inflation and Current Account Projections
In terms of inflation, the forecast indicates that it will remain under control, with projections suggesting an increase to 2.4% in 2026 and 2.3% in 2027. This stability in prices is essential for fostering a conducive environment for economic growth. However, there are concerns regarding the current account deficit, which is anticipated to widen to 3.5% of Gross Domestic Product (GDP) in 2026, before slightly reducing to 3.4% in 2027. In contrast, the budget deficit is projected to continue its decline, with estimates of 3.7% of GDP in 2026 and further down to 3.2% in 2027.
The AfDB report further emphasizes the remarkable growth witnessed by African stock markets over the past two decades, with total activity surging to $1.2 trillion. This growth has been concentrated in a few key nations, particularly Morocco, Egypt, and South Africa, showcasing the increasing attractiveness of these markets to investors.
Moreover, the report addresses potential disruptions to maritime traffic in the Strait of Hormuz, which could adversely affect exports to the Middle East, escalate production costs for fertilizers, and heighten energy expenses for countries reliant on petroleum imports. The AfDB suggests that proactive management of climate risks and trade diversification strategies could alleviate these negative impacts. Additionally, favorable harvests and sustained investments are expected to bolster the economic outlook even further.
As reported by en.hespress.com.
