Transfers from Moroccans Residing Abroad (MREs) fell by 8.1% to 24 billion dirhams at the end of the first half of 2020. They were able to cover 59.4% of the trade deficit, compared to 63.1% a year earlier.
The Moroccan real estate market continues its downward slide. According to the index of real estate asset prices published by Bank Al-Maghrib, there is a 3.3% drop, with decreases of 3.8% for residential prices, 3% for land prices and 0.9% for prices of professional properties.
The coronavirus pandemic has had repercussions on Moroccan exports, which fell by 18.3% in the first half of 2020.
Analyzing the recent developments observed on the international and national scenes, Mohammed Benchaâboun, Minister of Economy, Finance and Administration Reform, identified the three shocks that the Moroccan economy will not be able to escape.
In a recent report, the World Bank estimates that the Moroccan government has provided a "rapid and decisive" response to the health crisis of the coronavirus and the economic crisis that followed.
The Minister of Economy, Finance and Administration Reform, Mohamed Benchaâboun, said on Friday that the State will double the annual budget positions in 2021 to facilitate job creation for young people.
The economic recovery would involve accelerating the budget deficit. This is at least what Bank Al-Maghrib (BAM) seems to be proposing through the implementation of measures deemed beneficial.
State-owned companies that have been ailing for several years are about to be liquidated. After the liquidation of SEPYK a few weeks ago, Sonoric, another company in the mining sector, is about to be liquidated.
25.5 billion dirhams. This is the deficit recorded in public finances at the end of May, two months after the advent of coronavirus in Morocco.
African airlines have lost more than $8 billion due to the Covid-19 pandemic. Royal Air Maroc, also affected by this crisis, is dragging a heavy debt estimated at several tens of millions of dollars.
The global health crisis has strongly impacted the activities of African airlines. The financial losses are enormous and should amount to $8.103 billion, according to the African Airlines Association (AFRAA).
Over the first four months of 2020, the energy bill stood at 20.45 billion dirhams (MMDH), down 21.8% compared to the same period in 2019. According to the Office des Changes, this decline is mainly due to the decrease in supplies of gas-oil and fuel-oil of nearly 3.8 MMDH.