Morocco : Social Protection and Labor Diagnostic
Main macroeconomic indicators in Morocco (notably economic growth, inflation) are expected to remain appropriate in the short-medium term. Despite negative impacts in the economy due to developments in the Eurozone, in particular sovereign debt cri...
| Main Authors: | , , |
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| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2016
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2016/02/25870219/morocco-social-protection-labor-diagnostic http://hdl.handle.net/10986/23817 |
| Summary: | Main macroeconomic indicators in Morocco
(notably economic growth, inflation) are expected to remain
appropriate in the short-medium term. Despite negative
impacts in the economy due to developments in the Eurozone,
in particular sovereign debt crises in Spain and Italy,
among other countries, economic growth in Morocco has been
positive averaging 4.3 percent per year between years 2010
and 2013. Morocco has displayed important progress in the
Bank’s twin objectives of reducing poverty and promoting
shared prosperity. Inequality and vulnerability remain
important challenges. Despite some notable progress on key
human development indicators, Morocco still lags behind in
health and education achievements. One of the key challenges
for Morocco is that economic growth has not achieved enough
employment growth to the needs of a saturated labor market.
To achieve faster economic growth, Morocco will need a
structural transformation of its economy, with a focus on
broadening economic opportunities. Low employment rates in
Morocco are largely explained by very low rates of
participation of women in the labor force. Most employment
creation in Morocco happens in the services and construction
sectors, while the agriculture and manufacturing sectors (as
these sectors become more productive and substitute labor by
capital) actually suffer from net job destruction of
approximately 35 thousand jobs per year. |
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