IMF Sees Morocco Growing 4.5% in 2026, Current Account Deficit Widening to 4.9% of GDP

T

he International Monetary Fund forecasts growth of 4.5% for Morocco in 2026, after 4.9% in 2025, in its World Economic Outlook published on October 13 from Bangkok under the title Resilience under Strain, Urgent Choices.

AI-generated concept image: gantry cranes load a container ship at sunrise above rows of colorful containers and trucks on the quay.
A container terminal at sunrise. AI-generated concept image.

Growth would ease to 4.2% in 2027. Inflation would stay mild, at 0.9% this year and 1.4% next year, while unemployment would fall from 12.2% to 11.3% of the labor force.

The other side shows in the external accounts: the current account deficit would go from 2.4% of GDP in 2025 to 4.9% in 2026, before easing back to 4.1% in 2027. Public debt would hold steady at 66.6% of GDP.

The Fund’s forecast comes within a tenth of a point of the World Bank’s, which put growth at 4.4% a week earlier.

Photo: IMF.

References:

International Monetary Fund - World Economic Outlook, October 2026: Resilience under Strain, Urgent Choices

International Monetary Fund - World Economic Outlook database, October 2026 (Morocco)