The unemployment rate in Morocco would reach 11% in 2023
IMF says Morocco's economy set to grow by 3% in 2023
The International Monetary Fund expects the North African kingdom’s economy to grow by 3.1% in 2024 and inflation to reach 4.6% in 2023.
Wednesday 12/04/2023
The unemployment rate in Morocco would reach 11% in 2023
WASHINGTON - Morocco's economy is expected to grow by 3% in 2023, according to the International Monetary Fund (IMF).
The kingdom's GDP is expected to increase by 3% in 2023 and by 3.1% in 2024, said the IMF in its "World Economic Outlook" report, published Tuesday.
Inflation is expected to reach 4.6% this year before falling to 2.8% in 2024, the source added.
The unemployment rate in Morocco would reach 11% this year and 10.5% in 2024, the report pointed out.
The current account balance is expected to decline by 3.7% in 2023 and by 3.5% in 2024, the source added.
Global growth will bottom out at 2.8% this year before rising modestly to 3% in 2024. Global inflation will decrease, although more slowly than initially anticipated, from 8.7% in 2022 to 7% this year and 4.9% in 2024.