Morocco is the 25th-largest country in Africa and has a geographic area of 446,550 sq km. The kingdom has 2363 km of land borders, shared with Algeria, Mauritania, and the small enclaves of Ceuta and Melilla, which are located on Morocco’s north-eastern coast but are under Spanish control. It also has a 1835-km-long coast, most of which is...
Morocco saw a sharp rise in its fiscal deficit in the early years of this decade, which in turn pushed up debt levels. However, subsequent measures to stem spending and increase revenues brought the shortfall back under control and have seen debt levels stabilise. In 2019 the government is seeking to step up spending, in particular social...
As the world’s nations and businesses become increasingly interconnected, so too does the flow of global migration. According to the OECD’s “International Migration Outlook 2018”, in 2017 some 258m people resided in a country other than the one they were born in and more than 5m foreign-born persons settled in OECD countries. The flow of...
The Moroccan executive branch consists of the monarch, who is the head of state, and a government – the head of which is appointed by the king but must be led by the party that gained the most votes in the most recent legislative elections. The government has to command a majority in the lower house of Parliament and currently consists of a...
Global trade faces protectionist headwinds that are dampening the outlook for growth in the coming years. According to the World Trade Organisation (WTO), trade volume grew by 4.7% in 2017 and is expected to have moderated slightly to 4.4% in 2018 and dip to 4% in 2019. Although this means growth will fall below the 4.8% average seen since...
Economic progress and the country’s natural position as an investment bridge between Europe and Africa have allowed Morocco to establish one of the continent’s largest and most sophisticated capital markets. Despite its advantages, however, the Casablanca Stock Exchange (CSE) has been affected by low levels of liquidity, a scarcity of new...
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