Morocco
Morocco's Economy to Shrink 6.3% in 2020, Rebound Expected in 2021
The Moroccan economy is expected to contract by 6.3% before rebounding by 4.7% in 2021. This is the scenario envisaged by Bank Al-Maghrib.
Topic
GDP
Morocco
Morocco Loses 7% of GDP Annually to Corruption, Minister Reports
The Minister of Economy and Finance, Mohamed Benchaaboun , stated that corruption costs Morocco up to 7% of its GDP per year.
Morocco
Morocco's GDP Could Plummet 6.2% as Unpaid Loans and COVID-19 Threaten Economy
The threat of unpaid loans weighs on public finances. Thus, GDP risks a 6.2% drop.
Morocco
Morocco's Economy Falters: GDP Shrinks 13.8% as Exports and Imports Plummet
Morocco’s vulnerabilities have been exposed in the latest report from the Amadeus Institute, particularly in terms of economic growth, which fell by 13.8% in the second quarter.
Morocco
Apple's Value Surpasses Combined GDP of Top 10 African Economies, World Bank Reports
The World Bank states that the sharp increase in the valuation of the Apple brand (over $1.8 trillion) is equivalent to the combined GDP of the 10 largest African economies.
Morocco
Morocco's Exports Plummet 18% Amid COVID-19 Crisis, Auto Industry Hit Hard
In Morocco, the health crisis related to the coronavirus has had a negative impact on exports, resulting in a loss of more than 27 billion dirhams recorded in the first half of 2020. The trade balance remains in deficit with some relief.
Morocco
Morocco Weighs Lockdown as COVID-19 Cases Surge, Economic Concerns Mount
After a judicious management at the beginning of the health crisis related to the coronavirus pandemic, Moroccans fear difficult days, even a return to confinement. The panic of the government, the "surprise" announcement of the quarantine of eight cities... are all realities that revive the concern within the population.
Morocco
Morocco's King Unveils $12.8 Billion Economic Recovery Plan Amid COVID-19 Crisis
In order to effectively deal with the effects of the Covid-19 health crisis, King Mohammed VI announced on Wednesday the implementation of a 120 billion dirham support plan for the economy, or 11% of the kingdom’s Gross Domestic Product (GDP).
Morocco
Morocco Faces Steepest Economic Decline in 25 Years Amid COVID-19 Crisis
Morocco finds itself in a severe and historic recession since 1995 due to the health crisis related to covid-19. This is indicated in a World Bank monitoring report on the economic situation of the kingdom.
Morocco
Morocco Ranks 5th in Africa's Wealthiest Nations, World Bank Reports
In the new ranking of the richest African countries, published by the World Bank, Morocco ranks 5th. Not surprisingly, the United States and China are at the top of the global ranking.
Morocco
Morocco's Economy Faces Steep Recession Amid Africa's COVID-19 Downturn
Morocco is one of the four countries most affected by the recession in Africa. A recession caused by the health crisis related to the coronavirus.
Morocco
Morocco Forecasts 5% Economic Contraction in 2020 Amid Pandemic and Drought
The Ministry of Finance has published on its website the presentation note of the draft supplementary finance law (PLFR) for the year 2020, which states that "the growth rate is -5%, while the initial finance law had planned 3.7%. According to the note, the projected budget deficit is set at 7.5% of GDP instead of 3.5%".