In recent years Morocco has seen steady GDP growth and consistently low inflation – in contrast to its neighbours to the north. The country’s economic performance has both diversified and strengthened on the back of growth in the secondary and tertiary sectors, and has been aided by government efforts to channel capital into other productive...
What kind of impact have recent cuts in energy and food subsidies had on the country’s economy?
Moroccans benefit from a comparatively extensive social safety net, including a fairly large and generous pension scheme that begins at age 60 for government workers. However, a slowdown in hiring, combined with a demographic bulge that is on the verge of retirement, has combined to stretch the finances of the pension system – a challenge that...
A tour of West and Central Africa by Morocco’s head of state in May 2015 has underlined the country’s increasing efforts to strengthen trade and investment ties with its neighbours south of the Sahara.
In the wake of the international financial crisis and the Arab Spring, Morocco has started running ever-widening fiscal and current account deficits. However, moves to slash energy subsidies, as well as the fall in international oil price, have helped to dramatically reduce both, boosting liquidity and exchange reserves. This has allowed the...
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