IMF Projects Morocco’s Growth at 4.5% in 2026 and Inflation to Rise to 1.4% in 2027
Published By Regional Desk
Morocco’s Growth and Inflation Forecasts
The International Monetary Fund projects that Morocco’s economy will expand by 4.5 percent in 2026 and by 4.2 percent in 2027.
It also expects inflation to settle at 0.9 percent in 2026 before increasing to 1.4 percent in 2027.
The forecast appears in the IMF’s latest “World Economic Outlook” report, which was released on the occasion of the 2026 IMF and World Bank Annual Meetings held in Bangkok, Thailand from October 12 to 18.
External Balances, Labour Market and Wider Regional Trends
The IMF adds that Morocco’s current account balance deficit is set to widen to 4.9 percent of GDP in 2026 and then narrow to 4.1 percent of GDP in 2027.
Unemployment is anticipated to reach 12.2 percent in 2026 and then decline to 11.3 percent in 2027.
Across the Middle East and North Africa region, growth is expected to contract by 2 percent in 2026 before rebounding to 7 percent in 2027. The MENA grouping includes countries such as Egypt, Saudi Arabia and the United Arab Emirates.
Globally, the IMF forecasts output growth of 3.1 percent in 2026 followed by 3.4 percent in 2027.
Worldwide inflation is projected to pause its downward trend, rising from 4.1 percent in 2025 to 4.7 percent in 2026 and then falling back to 4.1 percent in 2027.
