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.
Morocco has moved seven places to be 53rd among 190 nations in the World Bank's Doing Business ranking released on Thursday. The Kingdom is positioned 1st in North Africa and 3rd in the Arab World.