The World Bank recommended that Morocco «preserve education spending to limit the transmission of poverty from one generation to the other». To do this, it suggests «drawing lessons from the coronavirus crisis to accelerate reforms».
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.
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.