Morocco's economy will be the fastest growing in Africa in 2021, according to GlobalData

Tuesday, August 10, 2021


Morocco, "which is progressing in leaps and bounds", is at the top of the five economies that will experience the fastest growth rates in Africa in 2021, Global Data, an international consulting and data analysis firm, said Monday in its latest report.

Global Data expects the Kingdom to grow by 5.19%, the highest rate on the continent in 2021. For Gargi Rao, economic research analyst at GlobalData, quoted in the report, "Morocco has made great strides in recent years. The expert, who highlights the Kingdom's agricultural performance, notes that "Morocco's expected growth of 5.19% will also benefit from the effective vaccination campaign, accommodating monetary policies and fiscal incentives.

The GlobalData report also recalls that the African economy, after experiencing its worst recession in half a century in 2020, should grow at a rate of 3.8% in 2021.

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