The Moroccan economy is moving toward a phase of notable acceleration, with growth projected at 5% in 2025, before stabilizing at an average of around 4.5% over the following two years, according to the latest forecasts by Bank Al-Maghrib (BAM).
In its statement issued following the fourth quarterly meeting of its Board in 2025, the central bank specifies that this performance would be driven in part by a recovery in the agricultural sector. Under the assumption of a return to average cereal harvests of around 50 million quintals, agricultural value added would increase by 5% in 2025, then by 4% in 2026 and 2% in 2027.
Non-agricultural activities, for their part, are expected to maintain a solid trajectory, supported in particular by the strength of investment. Their growth is thus projected at 5% in 2025, before reaching 4.8% in 2026 and 4.5% in 2027, confirming the resilience of the structural drivers of the national economy.
On the monetary front, Bank Al-Maghrib has decided to keep its key policy rate unchanged at 2.25%. The institution stresses that it will continue to closely monitor developments in the economic situation and adjust its decisions, meeting after meeting, based on the most recent data available.
Editorial team/le7tv