The deep recession of the Moroccan economy following the health crisis «would have more impact on the most precarious social classes», alerted this week the Policy Center for the New South, which draws up a first detailed assessment of the ramifications of this crisis.
In its report released on Monday, the World Bank reviewed its outlook for Morocco. Due to the pandemic and drought, the institution expects the country’s real GDP to contract by 6.3% in 2020 and extreme poverty to increase slightly.
Arrears, cash flow issues and business failure are all problems haunting Moroccan companies struggling to reach balance amid the Covid-19 crisis. While all eyes are on the State, relaunching national economy can’t be done without supporting local businesses.