This article was automatically translated from HIBAPRESS, the Arabic version:
Hibapress-Rabat
Morocco’s GDP should grow by 3.5 %from one year to the next, consumer spending is expected to increase by 3.4 %, and consumer price inflation should stabilize around 2.5 %.
Migration lead to an increase in funding, the continuous digitization of the payments sector providing profitability, security and convenience.
The Mastercard Economics Institute, has published its “2025 economic perspectives”, its annual report identifying the themes that will be that the economic landscape of the following year. The global economy has admirably overcome a series of shocks in recent years. The report provides that the year 2025 will be marked by changes in monetary and tax policies and by evolution towards balanced growth and inflation rates.
In Morocco, GDP in 2025 should grow from 3.5 % from one year to the next, slightly above the global average which is expected at 3.2 %-a modest increase compared to 3.1 % in 2024. This growth reflects constant economic progress supported by funding and strategic reforms. At the same time, consumer expenditure should increase by 3.4 % this year, after inflation below 1 % in 2024, against more than 6 % in 2022 and 2023. Inflation should stabilize around 2.5 % in 2025,
“Morocco’s economic outlook for 2025 highlight its sustainable growth potential, driven by funding, stabilization of inflation and structural reforms. These trends highlight the importance of promoting financial inclusion and economic, economic and inclusive economy, “said Khatija Haque, chief economist, Middle East Europe and Africa, at Mastercard.
Mohamed Benomar, national manager, North West Africa at Mastercard, explained: “At Mastercard, we conduct the digital transformation which not only redefines payment experiences, but also autonomizes local communities across Morocco. Thanks to innovative, secure and accessible solutions, we promote economic inclusion and the strengthening of financial resilience. »»
The main conclusions of the report are as follows:
Pricing priorities
Over the past five years, consumers around the world have faced an increase in prices, largely due to the pandemic and geopolitical tensions. While inflation-the price increase rate-has slowed considerably, the price levels themselves remain high. In Morocco, inflation should stabilize around 2.5 % in 2025. Price stability creates opportunities for sustained consumption expenses, especially in essential sectors such as food, health care and education. However, the persistent pressures on prices continue to influence consumer behavior, households opting for more affordable versions of discretionary items. The real growth in consumption expenditure in Morocco is expected to rise to 3.4 % in 2025, aligning global purchase behavior.
Shipments of funds and money
In recent years have been marked by significant movements of people and, by extension, of capital. If these movements cause a loss of human capital, they also generate significant transfers of funds, which constitute a rescue buoy for low -income communities in developing economies. According to the World Bank, global funds increased from $ 128 billion in 2000 to 857 billion dollars in 2023, with growth estimated at 3 % in 2024 and 2025. Economic recovery and local reforms are due to the growth of shipments until 2025, while the continuous digitization of the payments allows the beneficiaries to go to digital canals and mobiles, which results in considerable savings in terms of costs, security and convenience. The digitization of fund transfers has further improved their efficiency and accessibility, reducing transaction costs and allowing families to be supported in due course.
The “Economic Perspectives 2025” report is based on a multitude of public and private data, including the aggregated and anonymized sales activities of Mastercard, as well as on models intended to estimate economic activity.
