The Moroccan economy is expected to register a growth rate of 3% in 2023, according to the International Monetary Fund (IMF).
In its report on the “World Economic Outlook” published on April 11, the IMF anticipates growth of 3% for Morocco in 2023 and 3.1% in 2024. The institution also forecasts a decline unemployment from 12.9% in 2022 to 11% this year before falling further to 10.5% in 2024. Inflation is expected to reach 4.6% this year before falling back to 2.8% in 2024.
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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.
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