Tag: economy contraction
Business Europe Headlines International Morocco

Ceuta’s economy contracts 40% after Morocco closes borders

North Africa PostComments Off on Ceuta’s economy contracts 40% after Morocco closes borders

The economy of the occupied enclave of Ceuta contracted 40% after Morocco closed its borders, said right-wing governor Juan Vivas. The governor, known for hostile stands against Morocco, called on the EU to adopt reciprocal stands against the North African Kingdom. Morocco has closed its borders with Spain to avert a surge in coronavirus especially […]
Finance Headlines Morocco

Morocco’s economy to contract by 1.8% in the second quarter

North Africa PostComments Off on Morocco’s economy to contract by 1.8% in the second quarter

Morocco’s gross domestic product is set to recede in the second quarter by 1.8% as the coronavirus and the measures relating to it halted most of services and hit sectors that are vital to foreign currency revenues, the high commission for planning HCP said. The economy is expected to grow only by 1.1% in the […]