GDP is forecast to grow by 6.3 percent in 2021, among the highest in the Middle East and North Africa region, said Friday, Roberto Cardarelli, International Monetary Fund (IMF) mission chief to Morocco.
“After shrinking 6.3 percent in 2020, GDP is forecast to grow by 6.3 percent in 2021, among the highest in the Middle East and North Africa region,” said Cardarelli at a press briefing held via videoconference to present the end-mission preliminary findings on the economy of Morocco.
“Thanks to a very successful vaccination campaign and the prompt response of the authorities, the health crisis has been placed under control and the Moroccan economy is rebounding,” noted Cardarelli, adding that the economic activity has recovered most of the ground lost during the severe global recession of 2020, which hasn’t spared Morocco.
This performance owes to a continuous fiscal and monetary stimulus, the rebound of exports, buoyant remittances, and the exceptional harvest after two years of drought, stressed the IMF representative.
