Assahafa.com
The “deeper than expected” regulatory reforms implemented in Morocco to promote private sector activity could stimulate growth, reduce the informal economy, and create jobs, according to the World Bank Group’s (WB) updated “Global Economic Prospects” report, released in Washington.
In this report, the international financial institution also notes that favorable weather conditions have contributed to a recovery in agricultural output in the Kingdom.
Current account balances have also improved in Morocco, partly because of increases in remittances and tourism revenues, according to the report.
Regarding budget deficits of oil-importing countries, including Morocco, the World Bank estimates that fiscal deficits are set to narrow in 2026-2027. This would be partly due to the “contractionary policies” put in place, particularly in the Kingdom.
In terms of growth, the report estimates that it should average 4.4 percent in 2026 in Morocco, with weaker expansion in the agriculture and manufacturing sectors, alongside softer employment growth.
Globally, the World Bank forecasts that growth will slow slightly to 2.6% in 2026, before picking up again to 2.7% in 2027, marking a stabilization over the next two years.
These forecasts represent an upward revision from the World Bank’s previous projections, published in June.
Source: map
