Morocco’s economy is expected to expand 4.6% in 2025, accelerating from 3% last year, underpinned by infrastructure spending tied to the 2030 FIFA World Cup and stronger private investment, according to the country’s central bank, Bank Al-Maghrib (BAM). Growth is then projected to ease slightly to 4.4% in 2026. The recovery is led by non-agricultural sectors, while agriculture remains vulnerable to erratic rainfall and water stress. Despite robust growth prospects, BAM flagged external risks, including weak global demand, geopolitical tensions stemming from the war in eastern Europe and the Middle East, and climate volatility. The outlook comes as Rabat continues to position itself as a hub for logistics and manufacturing in Africa, while channeling resources into large-scale projects such as transport, energy, and tourism ahead of the World Cup.