The trade and financial war currently unfolding between the U.S. and Turkey is opening new opportunities and risks for the Moroccan economy, which has signed free trade agreements with both countries. With Turkey facing a currency crisis, President Donald Trump last week doubled tariffs on imports of steel and aluminum to offset the effects of […]
Morocco’s economy is expected to grow 3.6% amid a recovery in foreign and domestic demand and assumptions of an average farm output as well as a drop in prices of commodities in global markets, the planning agency HCP said. This year, however, economic growth would stand at 3.3% after a below-average cereals harvest of 5.51 […]
Morocco’s economic outlook has worsened due to drought and external shocks, notably imported inflation, with growth prospects seen at between 1.5% and 1.7%, head of the Moroccan government Aziz Akhannouch said. The government had based its 2022 budget on a growth forecast of 3.2% and expected its budget deficit at 6.1%. Akhannouch said that high […]
