Rédaction Africa Links 24 with ALM
Published on 2024-04-16 13:35:57
Morocco is expected to experience a growth of 3.1% this year and 3.3% in 2025, according to projections by the International Monetary Fund (IMF) published on Tuesday in its update on the global economic outlook.
In a report released during its spring meetings in Washington with the World Bank, the international financial institution predicts an inflation rate of 2.2% in 2024 and 2.5% in 2025.
Regarding the unemployment rate, it is expected to reach 12% this year before slightly decreasing to 11.5% in 2025.
The IMF anticipates that the Kingdom’s current account balance will be -2.6% in 2024 and -2.9% the following year.
In the Middle East and Central Asia region, growth is expected to reach 2.8% this year and 4.2% in 2025, while in sub-Saharan Africa, the growth rate is projected to be 3.8% in 2024 and 4% the following year.
Furthermore, the Bretton Woods institution anticipates a resilient global growth for 2024 and 2025 around 3.2%, stating that most indicators suggest a “soft landing.”
This growth remains “uneven” in light of various challenges on the horizon, including conflicts that “continue to result in loss of human life and increase uncertainty,” notes the Washington-based institution.
According to the latest projections, growth for 2024 and 2025 will remain stable around 3.2%, and the median global inflation rate will decrease from 2.8% at the end of this year to 2.4% at the end of 2025.
The resilience of growth and the acceleration of disinflation are explained by favorable supply-side developments, including “the dissipation of shocks” on energy prices, the significant rebound in labor supply supported by significant immigration flows in many advanced countries, as well as “decisive” measures in terms of monetary policy.
“Despite these welcome developments, many challenges persist and decisive measures are needed,” qualifies the IMF, which is concerned about the rise in inflation rates and the significant disparities between low-income developing countries and the rest of the world.
Read the original article(French) on Aujourdhui.ma
