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this Maghrebin the midst of an economic crisis. Indeed, North Africa The country is experiencing a period of prosperity characterized by the development of infrastructure and projects, especially those related to hydrocarbons, which is enough to attract the attention of investors, especially foreigners.
in short, Libya, Tunisia or Algeria wait Morocco most attractive, which is reflected in the growth forecasts. International Monetary Fundthe area Middle East and North Africa (Middle East and North Africa) is expected to grow from 1.8% in 2023 to 2.2% this year. Overall growth is expected to be 4% in 2025. The figures for some countries facing major difficulties pale in comparison.
Morocco, the economic engine of the Maghreb
this MoroccoIn fact, it could establish itself as one of the driving economies in the region. According to the IMF’s forecasts, the country could still see good times. For 2024, the figures show a growth rate of 3.1% in 2024 (the forecast is 2.7% to 4.2%). By 2025, Financial Market Information More optimistically, growth of 3.3% is expected.
about unemployment ratebut it’s still quite high. In fact, it’s currently 12% and should fall to 11.5% by 2025. So a large part of the population is out of work, and this is one of the levers that the government has to achieve a level of growth that was never envisioned before.
Still need to address challenges
Finally, Morocco will face many challenges that it must address if it hopes to maintain this dynamism. On the one hand, inflation is accelerating. Then there is the issue of global warming. The country is increasingly feeling the effects of drought, heat, water shortages, and earthquakes, which will eventually lead to a weak economy, hence the most optimistic forecast.
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