Morocco
Morocco's New Car Sales Surge 11.8% in First Five Months of 2021
During the first five months of 2021, new car sales in Morocco reached 74,049 units, an increase of 11.8% compared to the first five months of 2019.
Topic
Economic growth
Morocco
Morocco Lags Behind in Cannabis Legalization, Missing Economic Opportunities
The legal production and use of cannabis is a gold mine for many countries. In the United States, this activity generates billions of dollars in revenue and hundreds of thousands of permanent jobs in more than 26 states. A windfall that should not leave Morocco indifferent.
Morocco
World Bank Endorses Morocco's Ambitious 2035 Development Plan
A new development model (NDM) based on a strong economy, better human capital, not to mention social inclusion, territories and sustainability to transform Morocco by 2035 has been proposed by the Special Commission on the Development Model (CSMD). This has been approved by the World Bank, which says it is a participatory forward-looking scheme.
Morocco
Morocco's Local Authorities Face 16% Revenue Decline Amid Tax Shortfalls
In 2020, the revenue of local authorities fell during the first 11 months of the year, leading to a reduction in the spending of municipalities, regions and prefectural and provincial councils. This cash flow tension is the direct consequence of a 12.8% decrease in direct taxes and a 12.7% decrease in indirect taxes.
Morocco
Tanger Med 2 Port Boosts Capacity with New Cranes, Solidifies Mediterranean Leadership
Another plus for the port of Tanger Med 2. The 8 huge cranes are finally in place and operational at container terminal 3. It has already reached its full capacity.
Morocco
Morocco's Economy Poised for 5.3% Growth in 2021 as Covid Recovery Takes Hold
Depending on the level of control of the health crisis related to Covid-19, the economic recovery in the kingdom should begin this year 2021. This recovery could reach a growth of 5.3%.
Morocco
Morocco Celebrates First International Argan Tree Day, Highlighting Economic Impact
It was the city of Agadir that hosted on May 10 the celebration of the very first International Argan Tree Day initiated by Morocco and the UN. An opportunity to learn more about this sector that employs 25,500 people in Morocco and weighs 1.2 billion dirhams in turnover.
Morocco
Morocco's Weekly Rural Markets: CESE Urges Reform of Vital Economic Hubs
The Economic, Social and Environmental Council (CESE) has looked into the functioning and life of the weekly souks. These markets are vital spaces that contribute to the development of the communes of the Kingdom, even if they suffer from an uncountable number of ills related to their management and infrastructure.
Morocco
Morocco's Economy Set to Grow 4.8% in 2021, Fitch Forecasts
For this year 2021, Morocco’s real gross domestic product (GDP) should grow by 4.8%. This growth will be mainly linked to the easing of the impact of the health crisis and good rainfall.
Morocco
Morocco's Fnideq Economic Zone Construction Reaches 50% Completion
The construction work on the new Fnideq Economic Activity Zone (ZAEF) is progressing normally and according to the planned schedule, according to a note from the Agency for the Promotion of the Northern Provinces (APDN).
Morocco
IMF Sees Signs of Economic Recovery in Morocco as Exports Rebound
The head of the International Monetary Fund mission in charge of Morocco, Roberto Cardarelli, recently participated in a PCNS webinar. Among the topics discussed during this virtual meeting was the economic crisis generated by the health crisis.
Morocco
Moroccan Banks Set for Recovery in 2023 After Pandemic Slump, Moody's Reports
In 2020, the profitability of the banking sector was shaken by several problems related to the health crisis. To better understand the situation, the rating agency Moody’s has just published a note on the state of Moroccan banks.