Morocco’s GDP Forecast: Return to Pre-Pandemic Levels Expected by 2022

The analysts of this report indicate that the economic bill of the lockdown in Morocco is very high. In this regard, the Kingdom should record a recession equivalent to 2 years of growth.

The economic recovery in Morocco depends on the restoration of relations with its trading partners and the impact of weather conditions on the agricultural component, the same source specifies. For the analysts, the diversification of economic partners remains as delicate as that of production.

The same source states that budgetary diligence has supported the Kingdom during the crisis period. Although deprived of a few growth points, Morocco has been quite a good student in terms of public spending. It has called on several occasions for foreign financing at competitive costs. In the tourism sector, the report proposes the development of a permanent domestic tourism offer, a new imperative for the viability of this sector.

The analysts also argue that this sector is weighed down by exogenous events such as terrorism or health crises.