World Bank projects Morocco's economy will grow 2.8% by the end of 2024

At the Annual World Bank meetings in Washington D.C. this week, the International Monetary Fund’s (IMF) “World Economic Outlook” report stated that “Morocco’s economy will grow by 2.8% by the end of 2024 and 3.6% in 2025.” This is line with Bank Al-Maghrib forecasts that stated the Moroccan economy will grow by 2.7% in 2024. It comes after Morocco’s Finance Minister Nadia Fettah, last week, suggested that “Morocco has maintained macroeconomic stability, with projected growth of 3.3% in 2024. The government aims for a robust economic recovery, targeting 4.6% growth in 2025 and keeping inflation at 2%.” On the inflation front, IMF experts expect it to stabilize at 1.7% in 2024, with a slight increase to 2.3% in 2025.