The Moroccan economy is expected to remain solid in 2025 and 2026,as weather conditions alleviate the drought that severely affected the agricultural sector in 2023 and 2024,according to the forecast of the Organisation for Economic Co-operation and Development (OECD).
The country’s GDP is projected to reach 3.8% in both 2025 and 2026,driven by resilient domestic demand and the performance of the tourism and industrial sectors,said the OECD report in its economic outlook.
Inflation is expected to stabilise at around 2% in 2026,after a slight uptick in 2025. Despite higher spending,tax and subsidy reform has helped to maintain the deficit at a steady level,but further reducing the fiscal deficit would improve fiscal space.
Morocco has experienced solid export-driven growth in recent years,despite a prolonged drought that held back agricultural production and household incomes,said the report,noting weather conditions have now improved.
The tourism sector has continued to grow strongly,with a record number of 4 million visitors in the first quarter of 2025. Foreign direct investment has been strong and new production is coming onstream,supporting output in sectors such as aeronautics,textile and food.
Thanks partly to investment supporting measures like the investment charter,both domestic investment and FDI are projected to remain robust,further fostering the expansion of the manufacturing,tourism and construction sectors.
According to OECD projection,Morocco’s car industry will continue to expand,and the tourism sector is set to witness new records in tourist arrivals.
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