Morocco’s Tourism Sector Faces Steep Losses as COVID-19 Impact Ranks 7th Globally

In a report that has just been published, the United Nations Conference on Trade and Development (UNCTAD) predicts a negative assessment for Morocco, with a 5% drop in GDP related to tourism in the case of an optimistic scenario, 7% in the medium scenario, and 10% in a pessimistic scenario.

As for the losses in the tourism sector, they amount to $6 billion considering the most optimistic scenario. They should reach more than $11 billion in the pessimistic scenario.

According to the same source, other sectors are also impacted, such as housing (5% drop), trade, construction, financial services and insurance (2%)...