World Bank: Deep Regulatory Reforms Support Growth and Create Job Opportunities in Morocco
The World Bank has confirmed that the deep regulatory reforms underway in Morocco to enhance private sector activity are poised to support economic growth, limit the expansion of the informal economy, and contribute to the creation of new job opportunities.
In an update to its report on “Global Economic Outlook” released in Washington, the World Bank emphasized that the pace of these reforms has been deeper than anticipated, bolstering the prospects for economic recovery in the Kingdom.
The report noted that improved weather conditions contributed to a rebound in agricultural production, positively impacting the overall performance of the national economy. It also highlighted improvements in current account balances, supported by increased financial transfers and revenues from the tourism sector.
The same source predicted that the budget deficit in oil-importing countries, including Morocco, is expected to decline between 2026 and 2027, partly due to the restrictive policies in place, particularly in public finances.
Regarding growth prospects, the World Bank projects that the average growth rate in Morocco will reach 4.4% in 2026, with weaker expansions anticipated in the agriculture and industrial sectors, along with a more moderate growth in employment.
On a global level, the report forecasted a slight slowdown in economic growth, stabilizing at 2.6% in 2026, before rising to 2.7% in 2027, indicating relative stability over the next two years.
These estimates represent an upward revision compared to previous forecasts issued by the World Bank in June, reflecting improved global economic outlook.
