Morocco Economic Monitor, Fall 2020 : From Relief to Recovery
he COVID-19 pandemic has abruptly interrupted more than two decades of sustained socio-economic progress in Morocco. In 2020 the country will suffer its first recession since mid-1990s, and the economic contraction registered in the second quarter...
| Main Author: | |
|---|---|
| Language: | English,French,Arabic |
| Published: |
World Bank, Washington, DC
2021
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/365441608752111119/Morocco-Economic-Monitor-From-Relief-to-Recovery http://hdl.handle.net/10986/34976 |
| Summary: | he COVID-19 pandemic has abruptly
interrupted more than two decades of sustained
socio-economic progress in Morocco. In 2020 the country will
suffer its first recession since mid-1990s, and the economic
contraction registered in the second quarter (broadly
coinciding with the confinement) is the largest on record.
This is the result of the combined supply, demand and
external shocks triggered by the pandemic, but also of the
effects of adverse weather conditions on agricultural
output. The crisis is having a severe impact on jobs and
household incomes, generating a spike in unemployment and a
deterioration of poverty and vulnerability indicators.
Although the Moroccan economy exhibits some signs of
recovery, the situation remains fragile given that
epidemiological trends are worse now than they were during
the first wave of contagions. |
|---|