The IMF expects growth of 3.1% in 2024 and 3.3% in 2025

Morocco is expected to grow 3.1% this year and 3.3% in 2025, according to International Monetary Fund (IMF) projections published on Tuesday in its global economic outlook update.

In this report, published on the occasion of its spring meetings with the World Bank in Washington, the international financial institution predicts that inflation will reach 2.2% in 2024 and 2.5% in 2025.

As for the unemployment rate, it is expected to reach 12% this year, before falling slightly to 11.5% in 2025.

The IMF expects the Kingdom’s current account balance to reach -2.6% in 2024 and -2.9% the following year.

Resilient global growth

In the Middle East and Central Asia, growth is expected to reach 2.8% this year and 4.2% in 2025, while in sub-Saharan Africa the growth rate is 3.8% in 2024 will be 4% the following year.

Furthermore, the Bretton Woods Institute expects resilient global growth of around 3.2% for 2024 and 2025, estimating that most indicators appear to herald a ‘soft landing’. »

This growth continues “uneven” given the many problems on the horizon, including conflicts that “continue to cause loss of life and increase uncertainty,” the Washington-based institute notes.

According to the latest projections, growth for 2024 and 2025 will remain stable at around 3.2%, and the average inflation rate will fall from 2.8% at the end of this year to 2.4% at the end of 2025.

The resilience of growth and the acceleration of disinflation can be explained by the favorable development of supply, in particular “the disappearance of shocks” on energy prices, explains the same source, pointing to the impact of the notable recovery in labor supply , supported by significant immigration flows in many advanced countries, as well as ‘decisive’ monetary policy measures.

“Despite these welcome developments, many problems remain and decisive action is needed,” the IMF said in a statement, saying it is concerned about the rise in inflation and the wide disparities between low-income developing countries and the rest of the world. world.