In Morocco, real estate professionals show little optimism about a recovery in their sector. So many problems are piling up for a sector that has not yet fully recovered from the Covid-19 health crisis.
In 2023, Morocco will have to face significant economic challenges, according to the High Commission for Planning (HCP). Experts from this institution estimate that economic growth will only reach 3.3% this year, below the government’s forecasts.
Morocco has started negotiations with the International Monetary Fund (IMF) on a new Precautionary and Liquidity Line (PLL), announced on Friday the representative of the financial institution in the kingdom, Roberto Cardarelli.
Despite the international situation, the Moroccan government will maintain subsidies to ensure price stability for butane gas, wheat and sugar on the domestic market in 2023.
Faced with the continuous rise in fuel prices at the pump, Moroccan carriers are once again brandishing the threat of a general strike. They believe that the direct aid granted by the government is insufficient, calling for long-term solutions.
Former Raja player Yassine Salhi addressed King Mohammed VI in an Instagram post, asking him to intervene in the face of soaring prices.
To cope with the rise in the energy bill , the authorities have asked local authorities to drastically reduce electricity consumption in public buildings and public lighting networks.
A "dizzying rise" in the number of business failures is expected to hit Morocco, according to Allianz Trade, the world leader in credit insurance.
New car sales in Morocco are still in the red. At the end of September, 120,905 units were sold, a decrease of 8.15% compared to the same period last year.
The Ministry of Economy and Finance has reacted to rumors that the government had planned to grant a financial aid of 1,700 dirhams to Moroccans as a form of support in these difficult times.
Moroccan banks have been resilient during the Covid-19 health crisis, according to a report by the central bank of the kingdom.
In his speech addressed to the Moroccans on the occasion of the Throne Feast , King Mohammed VI called for an effective fight against speculation and price manipulation.