The kingdom’s GDP is forecast to increase by 3.6% in 2024, said the financial institution in its « World Economic Outlook » report, published Tuesday on the occasion of the Annual meetings of the IMF and the World Bank held in Marrakech.
Inflation is projected to reach 6.3% this year before falling to 3.5% in 2024, the Washington-based institution added.
The unemployment rate in Morocco would reach 11.8% this year and 12% in 2024, the report pointed out, noting that the current account balance is expected to decline by 3.1% in 2023 and by 3.2% in 2024.
Growth in the region of the Middle East and North Africa (MENA) is forecast to slow from 5.6% in 2022 to 2% in 2023 before rebounding to 3.4% in 2024, according to the IMF.
For its part, global growth is forecast to slow from 3.5% in 2022 to 3% in 2023 and 2.9% in 2024.
