Morocco: World Bank Sounds the Alarm

The assessment made in late April by the World Bank, relayed by Le Monde, is unequivocal: "Morocco has many businesses, but too few jobs." The country’s activity rate is plummeting, reaching 43.5% in 2024, a drop of ten points since 1999. The deficit in job creation is worsening severely, hitting young graduates, rural populations, and women hard, whose labor market participation barely reaches 19%.

On Bladi.net : Soaring Oil Prices: Morocco Threatened by Inflation Wave

This deterioration is explained by a "succession of cumulative exogenous shocks," ranging from the pandemic to geopolitical crises, including a severe drought that wiped out more than one million agricultural jobs in less than a decade. State omnipresence also hampers the momentum of private and foreign investors. Furthermore, the Moroccan economy, heavily dependent on hydrocarbon imports, suffers from oil barrels above $100, preventing any immediate rebound despite hopes raised by hosting the 2030 World Cup.

On Bladi.net : Over One Million Jobs at Risk in Morocco

These official reports darken Prime Minister Aziz Akhannouch’s record less than five months before legislative elections. His promise to generate one million net jobs has evaporated, with the economic press counting only 95,000 since his arrival. Facing criticism, the executive prefers to tout its infrastructure development, a stance analyzed by lobbyist Abdelmalek Alaoui: "Our policies have prioritized external credibility over internal social impact."