Morocco is expected to emerge as the fifth best performing economy in Africa this year despite adverse international economic juncture, says Forbes Middle East list 2021 drawn on basis of the International Monetary Fund and the World Bank data. The IMF expects Morocco’s real GDP to grow by 4.5 pc this year, after a contraction of 7 pc in the previous year due to the pandemic that devastated the economy, affirm the experts of Forbes. According to IMF forecast, Morocco’s GDP is expected to jump by 9.2 pc to $124 billion this year, from $113.55 billion in the previous year. In April 2021, the World Bank said the global health crisis generated by Covid-19 pandemic with an agricultural shock pushed the Moroccan economy into recession last year. According to Forbes Middle East list 2021, Nigeria is expected to remain the leading African economy with an estimated GDP of $514 billion.

Source: The North Africa Journal May 28, 2021 11:15 UTC