Morocco’s Economy Shrinks 1.1% in Q1 as Coronavirus Impact Hits
9 April 2020
The coronavirus pandemic is hitting Morocco’s economic growth hard. This growth is down 1.1% in the first quarter.
Economic growth
Moroccan Small Businesses Hit Hard: Trade and Services Lead COVID-19 Economic Impact
9 April 2020
A survey conducted by the Moroccan Confederation of VSEs-SMEs revealed that the two sectors most affected by the pandemic are business services and trade. They top the ranking (…)
Morocco’s Economy Resilient Despite Pandemic, Moody’s Reports
2 April 2020
In a note devoted to Morocco, the rating and financial evaluation agency believes that the country is making efforts to face internal and external shocks. For it, even if the (…)
Moroccan Sugar Giant Cosumar Reports 7% Revenue Growth, Advances Saudi Refinery Plans
1 April 2020
Despite the rise in the energy bill, the Cosumar group reports an improvement in its results and talks about its future Saudi plant.
Moroccan Business Council Warns of Economic Fallout from COVID-19 Pandemic
27 March 2020
The Moroccan Business Climate Council (CMC) looked at the economic shock caused by the coronavirus (covid-19) pandemic. In an analysis, the CMC noted that the pandemic has (…)
Morocco Faces Economic Downturn as Drought and Coronavirus Impact Growth Forecasts
13 March 2020
The scarcity of rainfall and the Coronavirus will not fail to weigh heavily on the Moroccan economy. In its growth forecasts for the year 2020, the High Commission for Planning (…)
Morocco Considers Cannabis Reform to Boost Economy Amid Taboo
6 March 2020
A survey conducted by L’Économiste states that cannabis consumption in Morocco is a fact. However, consumers are not known to their entourage. As a result, the subject remains (…)
Drought Threatens Morocco’s Agriculture and Economic Growth Forecast
3 March 2020
Abnormally high temperatures across Morocco and the lack of precipitation portend another dry season that could affect agricultural production and consequently the economic (…)
Morocco’s Tourism Sector Drives 7% of GDP, Minister Highlights Economic Impact
29 February 2020
Economic growth in Morocco can still rely on tourism, which contributes 7% to the gross domestic product (GDP). The Minister of Tourism, Handicrafts, Air Transport and Social (…)
Morocco’s Economy Set to Grow 3.9% by 2021, AfDB Report Forecasts
31 January 2020
Morocco’s real GDP growth is expected to reach 3.7% in 2020 and 3.9% from 2021.