Bank Al-Maghrib expects economic growth to reach 5 percent in 2025, before stabilizing at an average of 4.5 percent over the following two years.
The bank also revealed that the current account deficit will decline to 1.8 percent of GDP this year and remain below 2 percent of GDP in 2026 and 2027. In addition, foreign exchange reserves are expected to rise to 448 billion dirhams (the equivalent of $49 billion) by 2027, a level sufficient to cover 5.5 months of imports. The bank further projected an acceleration in credit growth to the non-financial sector, recording growth of 4.1 percent in 2025 and 5 percent in both 2026 and 2027.
