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فبراير.كوم
High Commission Publishes Economic Forecasts to 2027
The High Commission for Planning projected that the national economy will grow by 4.8% in 2026, supported by an exceptional rebound in the agricultural sector. However, this growth is expected to slow to 3% in 2027 due to a mid-yield farming season. It also indicated that geopolitical tensions in the Middle East have led to rising raw material prices and disruptions in supply chains, which in turn have affected global economic growth—projected to decline to 3% in 2026 from 3.5% in 2025, with a significant slowdown in the Eurozone and a slight decrease in the growth of developed countries. Additionally, the finance sector forecasts that oil prices will increase by 31.8%, reaching $89.2 per barrel, while natural gas prices are expected to rise by 22%. The 2025/2026 agricultural season recorded a record production of nearly 9 million quintals of grains, a 50.6% increase over the most recent decade, which will boost agricultural added value by 19.1% in 2026 before declining by 6.8% in 2027. In the non-agricultural sector, activity is expected to slow to 3% in 2026, then recover to around 4% in 2027, thanks to industrial improvements and better infrastructure linked to the 2030 World Cup. The construction sector is also forecasted to rebound after a period of slowdown. Regarding public finances, the government will continue to strengthen the budget, with the trade balance deficit expected to decrease to approximately 21% of GDP in 2027, while the current account deficit is projected to rise to 3.9% in 2026.
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