Morocco targets 4.6% economic growth in 2025 amid global challenges

Morocco is aiming for significant economic growth in 2025, with projections set at 4.6%, according to Moroccan Finance Minister Nadia Fettah Alaoui.

This forecast comes as part of the government’s newly proposed budget for the year, marking a notable increase from the expected 3.3% growth rate for 2024.

Speaking at a ministerial council meeting chaired by King Mohammed VI, Alaoui emphasized that the budget was crafted amid “challenging international circumstances,” citing ongoing geopolitical tensions and worsening climate crises, both of which continue to aff

ect the global economy.

The finance minister also noted that inflation is expected to stabilize at 2% in 2025, signaling a positive outlook for the country’s financial health.

Despite the global challenges, Morocco remains committed to its economic and social reforms, aiming to enhance its long-term financial stability.

The 2025 budget will focus on several key priorities, Alaoui explained, including boosting both national and international investments, creating new job opportunities for young people, and reforming public institutions to improve efficiency and transparency.

These efforts, she stressed, are crucial to maintaining Morocco’s economic momentum and securing a prosperous future.

In addition to these structural reforms, the government will continue to support direct social programs, which currently benefit approximately four million families.

The minister outlined plans to improve healthcare and education services, ensuring better quality and accessibility for all citizens.

Moreover, the Moroccan government has implemented a program aimed at assisting low-income families through direct financial grants, part of its broader strategy to reduce poverty and promote social justice.

This initiative underscores the government’s dedication to inclusive economic growth.

The International Monetary Fund (IMF) has also weighed in, forecasting a 3.5% growth for Morocco in the coming years, reflecting the country’s resilience and its commitment to overcoming global economic hurdles.