Morocco's Economic Outlook: Resilience Amid Global Uncertainty
On Thursday, the Head of Government, Aziz Akhannouch, announced that Morocco anticipates its economic recovery to persist into 2026, even in the face of ongoing global uncertainties and geopolitical tensions. During the opening of the Government Council meeting held in Rabat, Akhannouch emphasized the resilience of the national economy amidst a challenging international landscape characterized by economic volatility and successive geopolitical crises. He noted that Morocco has successfully transformed these challenges into opportunities for reform, guided by a clear strategic vision and robust government policies aimed at fortifying the foundations of a Social State.
Akhannouch highlighted the favorable evaluations provided by international rating agencies, particularly Moody’s, which has recently upgraded Morocco’s sovereign outlook from “stable” to “positive.” This upgrade reflects the agency’s recognition of improved growth prospects, enhanced investment dynamics, and the ongoing implementation of structural reforms aimed at diversifying the national economy and improving fiscal performance.
Positive Economic Indicators and Future Projections
The head of government pointed to a range of positive economic indicators at the close of 2025, which affirm this optimistic trajectory. Inflation was recorded at a low rate of 0.8%, the budget deficit was curtailed to 3.5%, and the Treasury debt was reduced to 67.2% of GDP. Furthermore, foreign direct investment surged to a remarkable 56 billion dirhams, marking a historic high for the country. These indicators collectively facilitated an economic growth rate of 4.8% in 2025, showcasing what Akhannouch referred to as the economy’s “serene resilience” against global crises.
Looking ahead to 2026, Akhannouch forecasts that Morocco’s economic recovery is poised to continue for a fifth consecutive year. This growth is expected to be bolstered by a stronger performance in non-agricultural sectors, alongside a significant rebound in agriculture, projected to expand by approximately 15%. Despite the adverse effects of floods in the northern and Gharb regions that impacted some harvests, Akhannouch expressed optimism that recent rainfall across the country would enhance agricultural productivity, particularly in cereals, staple crops, and livestock. These encouraging developments are not only fortifying investor confidence in the Moroccan economy but also motivating the government to hasten economic and social reforms, thereby strengthening the country’s capacity to withstand external shocks.
As reported by assahifa.com.
