Morocco expects its economic recovery to continue in 2026 despite ongoing global uncertainty and geopolitical tensions, Head of Government Aziz Akhannouch said on Thursday.
Speaking at the opening of the Government Council meeting in Rabat, Akhannouch said the national economy had shown resilience in a difficult international environment marked by economic volatility and successive geopolitical crises. He said Morocco had managed to turn challenges into opportunities for reform thanks to a clear strategic vision guided by the High Royal Guidelines and government policies aimed at strengthening the foundations of the Social State.
Akhannouch pointed to positive assessments by international rating agencies, including Moody’s, which recently revised Morocco’s sovereign outlook from “stable” to “positive”. The agency cited improved growth prospects, stronger investment dynamics, and the continuation of structural reforms designed to diversify the national economy and improve fiscal performance.
According to the head of government, economic indicators at the end of 2025 confirmed this positive trend. Inflation stood at 0.8%, the budget deficit was reduced to 3.5%, and Treasury debt declined to 67.2% of GDP. Foreign direct investment reached 56 billion dirhams, which Akhannouch described as a record level for the country.
These indicators helped Morocco achieve economic growth of 4.8% in 2025, demonstrating what he described as the economy’s “serene resilience” in the face of global crises.
Looking ahead to 2026, Akhannouch said forecasts indicate that Morocco’s economic recovery could continue for a fifth consecutive year. Growth is expected to be supported by stronger performance in non-agricultural sectors as well as a significant rebound in agriculture, which is projected to expand by around 15%.
Despite floods recorded in the northern and Gharb regions that affected some harvests, recent rainfall across the country is expected to improve agricultural productivity, including cereals, staple crops, and livestock, he said.
Akhannouch added that these positive indicators were strengthening investor confidence in the Moroccan economy and encouraging the government to accelerate economic and social reforms while reinforcing the country’s capacity to cope with external shocks.
