World Bank Forecasts Strong Economic Recovery for Morocco Despite Global Crisis
10 June 2021
So far, Morocco has shown strong resilience to the current crisis, as evidenced by the latest economic growth forecasts published by the World Bank.
GDP
World Bank Endorses Morocco’s Ambitious 2035 Development Plan
30 May 2021
A new development model (NDM) based on a strong economy, better human capital, not to mention social inclusion, territories and sustainability to transform Morocco by 2035 has (…)
Diplomatic Tensions Rise: Morocco-Spain Relations at Risk, Experts Warn of Economic Fallout
29 May 2021
Will Morocco and its Iberian neighbor go as far as breaking off diplomatic relations? The question is being seriously asked after Spain’s reception of Brahim Ghali and the (…)
Morocco’s Economy Set to Grow 4.8% in 2021, Fitch Forecasts
9 May 2021
For this year 2021, Morocco’s real gross domestic product (GDP) should grow by 4.8%. This growth will be mainly linked to the easing of the impact of the health crisis and good (…)
Morocco’s Tourism Recovery Hindered by Slow European Vaccination Rollout
8 May 2021
The delay accumulated by some European countries in their vaccination campaigns is likely to be detrimental to the economic recovery, and particularly to the tourism sector in (…)
Fitch Affirms Morocco’s BB+ Credit Rating, Citing Economic Stability Despite Challenges
7 May 2021
Morocco’s rating on long-term sovereign foreign currency issues is BB+, certified by the rating agency Fitch Ratings. This rating also shows stable prospects.
Morocco Loses Investment Grade Status as Pandemic Pushes External Debt to Record Highs
17 April 2021
Not long ago, Morocco could be pleased to be the only country in the region to have preserved its "investment grade". But with the health crisis, the kingdom has been stripped (…)
Morocco’s Economy Shrinks 7.1% in 2020 Amid COVID-19 Crisis
3 April 2021
The Covid-19 health crisis has had severe repercussions on the Moroccan economy, leading to an unprecedented recession. In 2020, GDP contracted by 7.1%.
Morocco’s Budget Deficit Hits 7.6% of GDP Amid COVID-19 Economic Challenges
25 January 2021
The Ministry of Economy, Finance and Administrative Reform indicated that at the end of December 2020, the Amended Finance Act (LFR) revealed a budget deficit of 82.4 billion (…)
Moroccan Diaspora Remittances Set to Surge, Boosting Economy in 2021
16 December 2020
Remittances from Moroccans living abroad (MRE) will rebound, says Bank Al-Maghrib (BAM). They will increase from 65.8 billion dirhams (MMDH) in 2020 to 70 billion dirhams (…)