
Morocco to Subsidize Food Prices Ahead of Ramadan Amid Rising Costs
To mitigate the effects of rising prices , the Moroccan government plans to subsidize certain products. A dialogue has been opened with professionals in this regard.

To mitigate the effects of rising prices , the Moroccan government plans to subsidize certain products. A dialogue has been opened with professionals in this regard.

Morocco will inevitably feel the impact of the conflict between two of its major trading partners, Russia and Ukraine. The immediate measures taken by the government could show their limits if the war persists.

Faced with the rise in world prices, particularly for oil, gas and food, the Moroccan economy is being put to the test. The government will have to review its priorities to get the kingdom out of the impasse.

In 2021, the health crisis strongly impacted the activity of companies in Morocco. 28% of them stopped their activity for an average duration of 143 days and more than half suffered a drop in their liquidity, according to the High Commission for Planning (HCP).

The Moroccan economy is expected to grow by 3.2% in 2022 compared to a growth of 5.3% recorded last year, according to the World Bank.

Tourism Minister Fatim-Zahra Ammor has begun a two-day visit to Marrakech to discuss with stakeholders in her department, in order to boost the post-Covid recovery in the city.

The president of the General Confederation of Moroccan Enterprises (CGEM), Chakib Alj, indicated that King Mohammed VI’s speech, delivered at the opening of the legislative year, sounds like a call for "sustainable recovery".

Despite the health crisis, Morocco has managed to keep all its country risk indicators in the green, thanks to the measures taken by the authorities to support the economy.

The economic development of Ceuta is a concern for the newspaper El Español-Invertia, which is organizing an Economic Forum from Tuesday, September 28 to Wednesday, September 29, to analyze the economic, tourist and social potential of the city and the opportunities available to it.

Like many countries in the world, the Moroccan economy has been shaken by the Covid-19 pandemic. Despite the timid recovery observed in recent months, due to the success of the vaccination campaign, difficulties persist.

The economic situation of the six countries in the MENA region was at the heart of the latest report by the S&P Ratings Agency published on September 7. These countries, including Morocco, are struggling to return to growth due to the Covid-19 pandemic.

Soaring unemployment, a new wave of bankruptcies on the horizon... the new restrictive measures taken by Morocco to deal with the resurgence of coronavirus cases will have devastating economic consequences.