Economic Outlook for Morocco in 2027
The High Commission for Planning in Morocco has recently issued a report predicting that the country’s economic growth will decelerate to 3% in 2027, a significant decline from the anticipated growth rate of 4.8% for 2026. This forecast has been largely influenced by escalating geopolitical tensions in the Middle East, notably the ongoing instability that has disrupted maritime navigation through the Strait of Hormuz. Such disruptions have resulted in soaring prices for raw materials and considerable disturbances in global supply chains, which are expected to impact Morocco’s economy significantly.
Factors Influencing Growth and Trade
The report emphasizes that projections for economic growth are grounded in an "exceptional recovery" of the agricultural sector, combined with ongoing domestic demand bolstered by a resurgence in final consumption and robust investment levels. However, despite these positive indicators, external volatility continues to pose challenges. Notably, the report indicates that trade exchanges will be adversely affected by weakened external demand for Moroccan exports and rising raw material costs, which are likely to exacerbate the trade deficit throughout 2026. The backdrop of the US-Israeli conflict with Iran and subsequent disruptions in navigation through the Strait of Hormuz have also contributed to fluctuations in energy prices and raw material availability, further complicating Morocco's economic landscape.
As reported by aa.com.tr.
