Morocco’s economy is expected to grow at 4.5 percent in 2021, according to the International Monetary Fund


The latest World Economic report from the International Monetary Fund (IMF) has been released. The Moroccan economy is expected to grow at a 4.5 percent annual rate in 2021, according to the report. According to the financial institution’s projections, the Kingdom will grow at a rate of 3.9 percent in 2022.

The Bretton Woods institution emphasizes, on the other hand, that unemployment should stand at 10.5% in 2021, down from 11.9% in 2020, against 9.7% in 2022.

Regarding inflation, it has been revised upwards for 2020 to 0.6% against 0.2% in the latest version of the report published in October. For 2021, it should stand at 0.8% before climbing to 1.2% in 2022, according to the Washington-based financial institution. Morocco’s current account balance stands at -2.2% in 2020, -3.8% in 2021 and -4% in 2022, according to the IMF’s semi-annual report.

Following a contraction of -3.3 percent in 2020, global growth is expected to reach 6% in 2021, “reflecting additional budgetary support in a few large economies and the recovery expected in the second half of the year thanks to vaccines,” according to the IMF.


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