Al-Hiri Predicts 4.9% Current Deficit
The article discusses the projections issued by the International Monetary Fund regarding the state of the Moroccan economy, with a focus on the increase in the current account deficit from 2.4% to 4.9% of GDP between 2025 and 2026, before declining to 4.1% in 2027. Experts emphasized that the biggest challenge lies in reducing the structural reasons behind the persistent external imbalance, which include the need to accelerate the energy transition, deepen industrial integration, diversify export markets, and increase the local content of exports. They also pointed out the importance of maintaining the stability of the dirham's exchange rate, which is tied to a basket of currencies, while also enhancing sources of foreign currency through tourism, migrant remittances, and foreign investment to support financial needs and reduce geopolitical risks. Finally, they underscored the importance of coordinating monetary, fiscal, and industrial policies to promote sustainable external balance and to direct investments toward sectors with high technological content and added value.
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