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Morocco’s economic growth to slow to 4.2% in 2026, World Bank says

World 1 source 1 country 32m ago

Morocco’s economic growth is expected to slow to 4.2% in 2026, after ​growing 4.9% last year, the highest rate ‌in a decade, the World Bank said on Friday. Last year’s growth was spurred by 2030 World ​Cup-linked infrastructure spending and a rebound ​in agricultural output, the bank said in ⁠a report. The government is investing more than ​190 billion dirhams ($20 billion) to build and expand ​rail, road, airports, stadiums and other urban infrastructure ahead of the 2030 tournament, which it will co-host ​with Spain and Portugal.

The 2026 forecast reflects ​a continued investment push and improving domestic demand, despite ‌higher energy costs resulting from the Middle East conflict, the Bank said. “Over the longer term, recurrent drought poses a continued risk to agricultural ​output and ​water-dependent sectors,” ⁠it said. Morocco’s growth also remains sensitive to the pace of economic ​recovery among its main European trading ​partners, ⁠it said.

“While the macroeconomic foundations are solid, the country’s next great leap in productivity will ⁠depend ​on how deeply – and ​how broadly – its businesses embrace advanced digital technologies,” it said.

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Read the full story at the source MyJoyOnline (Accra, Ghana) · GH
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