
Morocco Braces for Surge in Business Bankruptcies Amid Economic Challenges
A "dizzying rise" in the number of business failures is expected to hit Morocco, according to Allianz Trade, the world leader in credit insurance.

A "dizzying rise" in the number of business failures is expected to hit Morocco, according to Allianz Trade, the world leader in credit insurance.

After 6.3% in the second quarter, inflation has accelerated in Morocco, according to the High Commission for Planning (HCP) which expects 7.8% in the third quarter of 2022.

Inflation risks starting up again this September. Fuel price increases are therefore to be feared.

At the end of June, the morale of Moroccans continued to deteriorate, reaching its lowest level ever recorded. Households are expressing their pessimism about their financial situation and the evolution of the standard of living.

Milk will now cost much more in Morocco. The companies that market this essential product have made a significant increase.

To celebrate Eid Al-Adha, Moroccans will have to face a rise in the price of animals for sacrifice . Several reasons explain this situation, including the massive arrival of Moroccans living abroad this year.

As announced by some specialists, the dance of fuel prices continues in Morocco , this time crossing a new record. On Tuesday, prices exceeded 15 dirhams per liter at the pump.

Due to the rise in the price of raw materials internationally, the price of cooking oils could experience a new increase in Morocco in the coming days.

Faced with the rise in fuel prices, accentuated by the high cost of living, professionals in the sector are calling on the government and making proposals to alleviate the effects.

The consumer price index (CPI) increased by 1.4% in 2021 compared to the previous year, according to the High Commission for Planning (HCP).

At the end of last November, the consumer price index rose by 2.6% compared to the same month last year, according to the High Commission for Planning.

A large majority of young Moroccans are not or are little satisfied with their lives, and 68.2% of them are tempted by emigration.