Morocco is set to keep up relatively robust growth in 2026 and 2027, even as sharp swings are expected across the Middle East and North Africa, according to International Monetary Fund forecasts. The IMF projects Moroccan GDP growth of 4.5% in 2026, easing to 4.2% in 2027. Regionally, growth is forecast to contract 2% in 2026 before rebounding to 7%, underlining a steadier Moroccan path.
The IMF expects Moroccan inflation of 0.9% in 2026, accelerating to 1.4% in 2027. The current account deficit is forecast to widen to 4.9% of GDP in 2026 before easing to 4.1% in 2027, while unemployment is expected to fall from 12.2% to 11.3%.
The projections were unveiled at the annual meetings of the IMF and World Bank Group, attended by senior officials from the Ministry of Economy and Finance and Bank Al-Maghrib. Globally, the Fund expects growth of 3.1% in 2026 and 3.4% in 2027, with inflation pausing its downward path, rising from 4.1% in 2025 to 4.7% in 2026 before easing to 4.1% in 2027.
“Economic activity in the first half of 2026 held up better than expected, despite the prolongation of the war in the Middle East and persistent trade tensions. But this resilience remains uneven from one country to another,” said Silvana Tenreyro, director of the IMF’s research department. She attributed it partly to dynamic investment in artificial intelligence, which supported demand, and to the capacity of firms and economies to adapt to repeated disruptions.
AI features prominently at the meetings, alongside geopolitical tensions, energy prices and public debt. Round tables will address AI’s potential to create jobs in developing economies and the mobilisation of private capital for employment. Participants also seek coordinated responses to uncertainty over growth and financial stability, and ways to reconcile fiscal discipline, investment and job creation.