The International Monetary Fund expected Morocco to achieve an economic growth rate of 6.3 percent by the end of the current year 2021, expecting that this recovery will continue in the coming years despite the effects of the Corona pandemic. The fund indicated that the positive performance is due to the maintenance of fiscal and monetary stimulus measures, the good performance of the main export sectors, the active remittances of Moroccans living abroad, as well as the exceptional harvest that followed two years of drought.
The head of the IMF mission to Morocco, Roberto Cardarelli, noted that "thanks to the very effective vaccination campaign and the rapid response of the authorities, the health crisis has been brought under control, and the Moroccan economy is recovering, as the Moroccan economy has regained almost most of what it lost during the severe global recession of 2020, which was caused by Corona pandemic.
After a contraction of 6.3% in 2020, Moroccan GDP is expected to grow by 6.3% in 2021, which is one of the highest rates in the Middle East and North Africa region, while, according to the IMF, GDP growth is expected to stabilize at about 3 percent in 2022, according to inflationary pressures still under control, to recede in the medium term.
Source (Asharq Al-Awsat Newspaper, Edited)
