The Governor of Bank Al-Maghrib, Abdellatif Jouahri , presented on Saturday to King Mohammed VI the annual report of the Central Bank on the economic, monetary and financial situation of the kingdom for the year 2020. The year 2020 was mainly disrupted by the health crisis related to Covid-19.
Over the first five months of 2021, tourism revenues in Morocco decreased by 62.7% compared to a 30.6% drop in 2020. This is the picture presented by the Directorate of Studies and Financial Forecasts (DEPF) in its recent economic note.
Morocco’s energy bill has dropped considerably in 2020. This emerges from the annual report on foreign trade for the year 2020, carried out by the Office des Changes .
In the first half of 2021, Moroccan airports recorded a 78.8% decline in commercial passenger traffic. The number of passengers stands at 2,473,988 travelers at the end of June 2021 compared to 11,669,548 during the same period in 2019.
The economy is in the doldrums in Ceuta . The main activities are suffocated in favor of the fight against illegal immigration. The halt in smuggling, tourism, and food have plunged the inhabitants of the enclave into despair.
Morocco has been able to take advantage of the Covid-19 crisis to turn it into an opportunity and launch an ambitious program of transformative reforms capable of boosting GDP growth to 4.6% in 2021. This is what a World Bank report on the evolution of the economic situation indicates.
Moroccan tourism is at the bottom of the abyss, even threatened with extinction, with its train of tens of thousands of families reduced to precariousness. The collective of the new generation of tourism entrepreneurs proposes to the executive a plan for the safeguarding and relaunch of the sector.
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 took part in the work of the Summit on the Financing of African Economies, on Tuesday in Paris. It was the Minister of Economy, Finance and Administrative Reform, Mohamed Benchaâboun, who represented King Mohammed VI.
The vaccination strategy implemented by the Moroccan authorities to meet the challenge of herd immunity is reviving the hope of a new dynamic in the business climate in the kingdom. This is the conclusion of a study carried out by the Moroccan Center for Conjuncture (CMC).
The Covid-19 health crisis has left its mark, particularly on public finances. In 2020, customs revenue recorded a 10% drop compared to 2019.
Moroccan pharmacies are in the doldrums. With Ramadan 2021, their activity has decreased by 40 to 50%, compared to the usual 30% recorded during the same period.