WASHINGTON – Morocco's economy is expected to grow by 0.8 percent in 2022 before increasing to 3.1 percent in 2023, according to the International Monetary Fund (IMF).
The kingdom's GDP is expected to increase by 3.4 percent in 2027, said the IMF in its "World Economic Outlook" report, published Tuesday.
Inflation would reach 6.2 percent this year before falling to 4.1 percent in 2023, the source added.
The unemployment rate in Morocco would reach 11.1 percent this year and 10.7 percent in 2023, the report pointed out.
The current account balance is expected to decline by 4.3 percent in 2022 and by 4.1 percent in 2023, the source added.
Growth in the Middle East and Central Asia is projected to increase to 5.0 percent in 2022, largely reflecting a favorable outlook for the region’s oil exporters and an unexpectedly mild impact of the war in Ukraine on the Caucasus and Central Asia.
In 2023, growth in the region is set to moderate to 3.6 percent as oil prices decline and the headwinds from the global slowdown and the war in Ukraine take hold, the IMF said. (MAP)
