Global Economic Outlook Weakens While Morocco Maintains Strong Growth
The global economy is entering a period of rising uncertainty, as new forecasts point to slower growth, financial uncertainty and ongoing geopolitical tensions. Despite the international slowdown, Morocco continues to show strong economic performance supported by expanding industrial activity and solid domestic demand.
Global Growth Expected to Slow
Recent reports from the OECD indicate that global growth is expected to slow to 2.9% in 2026, reflecting the impact of high debt, tighter financing conditions and global political risks.
A separate analysis from the United Nations Conference on Trade and Development (UNCTAD) projects an even sharper slowdown, with growth expected to reach 2.6% in 2025. The organization highlights increasing market volatility and weaker investment flows as key concerns for the coming year.
China also continues to play a major role in shaping global economic trends. The country recorded a trade surplus of more than $1 trillion over the first eleven months of 2025, driven by stronger exports to the European Union and Southeast Asia. In response to slowing domestic demand, China has announced new fiscal and monetary measures planned for 2026 to support economic activity.
Morocco’s Economy Remains Resilient
While global forecasts remain uncertain, Morocco is maintaining a positive economic trajectory. According to the latest national data, the country’s GDP grew by 5.5% in the second quarter of 2025, marking one of the strongest growth rates in recent years. This performance is mainly driven by improvements in industry, manufacturing, construction and rising household consumption.
Companies listed on the Casablanca Stock Exchange also showed solid results. By the end of September 2025, listed firms reported a combined revenue of 246.6 billion dirhams, representing an annual increase of 5.6%.
In addition, Morocco recently launched Logintek, a new integrated industrial and logistics zone in Sidi Aïdi, designed to strengthen industrial capacity, improve logistics efficiency and attract more investment.
Outlook
The global economic environment remains uncertain, but Morocco’s solid fundamentals, expanding industrial base and ongoing development projects position the country to better navigate the challenges expected in 2026.
As major economies adjust their policies and trade flows continue to shift, Morocco is working to enhance its competitiveness and reinforce its role as a growing economic hub in the region.
