According to a recent report by the World Bank, Covid-19 is pushing Morocco’s economy into a severe recession, the first one since 1995.
The World Bank expects Morocco’s GDP for 2020 to fall by -4% due to the coronavirus health crisis. The figure is expected to improve by 2021.
Morocco’s growth is expected to reach 3.5% in 2020, according to the World Bank’s Global Economic Prospects. The report indicates that policy reforms and tourism to support a pickup growth in the Kingdom.