A survey conducted by L’Économiste states that cannabis consumption in Morocco is a fact. However, consumers are not known to their entourage. As a result, the subject remains taboo. Moreover, cannabis, which generates considerable losses, could be better supervised and oriented, in order to generate more foreign exchange for the kingdom’s economy.
Abnormally high temperatures across Morocco and the lack of precipitation portend another dry season that could affect agricultural production and consequently the economic growth of 2020.
Economic growth in Morocco can still rely on tourism, which contributes 7% to the gross domestic product (GDP). The Minister of Tourism, Handicrafts, Air Transport and Social Economy emphasized this on Thursday evening in Casablanca.
Morocco’s real GDP growth is expected to reach 3.7% in 2020 and 3.9% from 2021.
The High Commission for Planning (HCP) has reported a slowdown in the country’s economic situation in 2019. This situation could improve this year in view of several parameters.
National economic growth will increase by +3.3% in the first quarter of 2020, compared to +2.5% in the first quarter of 2019, according to the High Commission for Planning, in its business outlook for the fourth quarter of 2019 and its prospects for the first quarter of 2020.
Moroccan economic growth experienced a slight slowdown in the 3rd quarter of 2019, now reaching 2.1% compared to 3% a year earlier, according to the High Commission for Planning (HCP).
At the end of November, the revenues of Moroccans residing abroad are stagnating with the drop in FDI received. At the same time, tourism revenues are increasing.
Why doesn’t Morocco put itself on a sustainable path to emergence when it has all the conditions to succeed? This is the question answered by the French Development Agency by closely examining the factors preventing the Kingdom from reaching the rank of an emerging economy.
To support the internationalization of Spanish companies, the Bankia group has just announced the establishment of a representation in Casablanca.
The number of tourists, of all nationalities, who stayed in the various hotels in the city of ’Agadir during the month of October 2019 reached 96,716, compared to 93,918 tourists during the same month of 2018.
Contrary to the forecasts of the High Commission for Planning (3.4%) and Bank Al-Maghrib (3.8%), Euler Hermes predicts an economic growth of 2.4% for Morocco.