The Moroccan economy is expected to grow by 3.9% in 2025, before slowing to 3.4% in 2026, after an initial estimate of 2.9% for 2024, according to recent World Bank forecasts. These data highlight a rebound expected for 2025, followed by a more moderate pace of growth in 2026.
The international institution specifies that the persistent drought has had a serious impact on economic activity in Morocco, but that the country could surpass the average growth rate for economies in the Middle East and North Africa (MENA) region, forecast at 3 .4% in 2025.
In the MENA region, economic growth is expected to reach 4.1% in 2026, following a modest rate of 1.8% in 2024. However, the World Bank notes that “these forecasts are less optimistic than those formulated last June, mainly due to the continuation of voluntary reductions in oil production by several major exporters”. Furthermore, the institution underlines the uncertainty which continues to weigh on the region, in particular due to persistent armed conflicts and political tensions.
For the Gulf countries, growth should stabilize at 3.3% in 2025. For their part, oil-importing countries could record an average increase of 3.9% over the period 2025-2026, driven by domestic demand. strengthened and a reduction in inflationary pressures.
-In Egypt, the economy should benefit from a revival in private consumption, fueled by the decline in inflation, remittances from emigrants and investments from the United Arab Emirates. Furthermore, an acceleration of growth is expected in Jordan, Morocco and Tunisia, while it should slow down in Djibouti due to the stabilization of port activities.
However, the WB warns of risks facing the region, such as an escalation of armed conflicts, growing political uncertainties and possible unexpected shifts in global economic dynamics. In oil-exporting countries, weakened global demand and lower oil prices could prolong production adjustments, negatively impacting growth. Oil-importing countries, for their part, could suffer the effects of protectionist measures among their trading partners and persistent global inflation, which increases the cost of foreign financing.
At the global level, the world economy is expected to grow by 2.7% in 2025 and 2026, a pace comparable to that of 2024. The WB also mentions risks linked to social unrest, natural disasters and extreme weather events, but notes that looser monetary policy or growth above expectations in major economies could be positive factors in boosting economic activity in the MENA region.
Related News :