Morocco, “which has been moving ahead in leaps”, tops the list of the five fastest-growing economies in Africa in 2021, Global Data, an international consulting and data analysis firm, said Monday in its latest report.
Global Data expects the Kingdom to grow by 5.19%, i.e. the highest rate on the continent in 2021.
For Gargi Rao, economic research analyst at GlobalData, quoted in the report, “Morocco has been moving ahead in leaps and bounds in recent years”. The expert, who highlights the Kingdom’s agricultural performance, notes that Morocco’s “expected growth of 5.19% was also influenced by its effective vaccination drive, accommodative monetary policies and fiscal stimuli.”
The GlobalData report also points out that “having witnessed its worst recession in half a century in 2020, Africa’s economy is forecast to grow at a healthy pace of 3.8% in 2021.”