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

Like other countries, Moroccan tourism has been severely weakened by the coronavirus. The kingdom ranks 7th among the 15 countries most affected by this pandemic, according to estimates by the United Nations Conference on Trade and Development (UNCTAD).
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%)...
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