Rabat – Morocco’s economy benefited from a strong rebound in agricultural production in 2025, thanks to favorable weather conditions.
According to the World Bank’s January Global Economic Prospects report, this recovery played a key role in the country’s overall growth, though the effect may fade over time, potentially slowing economic momentum in the coming years.
While agriculture drove immediate growth, the manufacturing sector and job creation recorded only moderate expansion.
The slower pace in these areas suggests that Morocco’s economy cannot rely solely on one sector and points to the need for broader drivers of growth.
Morocco strengthened its external position in 2025, along with other oil-importing countries. The current account improved, supported by higher remittances from Moroccans living abroad and steady tourism revenues.
These factors helped the economy absorb external shocks and maintain stability, even as global uncertainties remain high, notes the World Bank report.
Fiscal indicators show a more controlled trajectory, with the World Bank projecting that Morocco’s budget deficit will narrow in 2026-2027 due to stricter fiscal policies.
While these measures aim to protect macroeconomic balance, the government must still navigate limited resources, balancing investment needs with social obligations.
The report also notes the potential impact of deeper reforms. By creating a more supportive regulatory environment for the private sector, Morocco could stimulate growth, reduce informal employment, and generate new jobs.
Attracting private investment and improving the business climate are essential to sustain progress beyond the short term.
A year of global resilience
Worldwide, 2025 marked a year of resilience. Economies adapted to trade tensions and policy uncertainty, while artificial intelligence investment accelerated and supply chains adjusted to changing trade conditions. Recovery has remained uneven, however.
Advanced economies largely surpassed pre-pandemic income levels, but more than a quarter of emerging and developing nations, particularly low-income or conflict-affected countries, have yet to recover.
The World Bank forecasts a slowdown in global growth to 2.6% in 2026. Trade is expected to weaken as companies reduce stock accumulation and tariffs influence markets.
Emerging economies have shown surprising resistance to trade shocks, but the outlook varies widely by region.
Downside risks persist. Rising trade tensions, tighter financial conditions, or new trade barriers could slow activity further. At the same time, broader adoption of AI and better corporate adaptation to global conditions could provide new sources of growth.
Despite entering 2026 with solid foundations, Morocco must now navigate challenges carefully. Structural reforms and private investment appear as the most promising avenues to sustain growth, strengthen resilience, and secure long-term stability.
