Morocco Economic Monitor, July 2020

Morocco Economic Monitor, July 2020

This report presents the current outlook for Morocco given the recent Coronavirus 2019 (COVID-19) developments. The COVID-19 shock is, however, abruptly pushing the economy into a severe recession, the first one since 1995. The labor market is faci...

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Bibliographic Details
Main Author: World Bank
Format: Report
Language:English
Published: World Bank, Washington, DC 2020
Subjects:
ECONOMIC GROWTH
INFLATION
LABOR MARKET
EMPLOYMENT
PUBLIC DEBT
PUBLIC FINANCE
EXTERNAL SECTOR
FISCAL TRENDS
MONETARY POLICY
CORONAVIRUS
COVID-19
PANDEMIC IMPACT
Online Access:http://documents.worldbank.org/curated/en/278731594708906277/Morocco-Economic-Monitor
http://hdl.handle.net/10986/34113
id okr-10986-34113
recordtype oai_dc
spelling okr-10986-341132021-05-25T10:54:37Z Morocco Economic Monitor, July 2020 World Bank ECONOMIC GROWTH INFLATION LABOR MARKET EMPLOYMENT PUBLIC DEBT PUBLIC FINANCE EXTERNAL SECTOR FISCAL TRENDS MONETARY POLICY CORONAVIRUS COVID-19 PANDEMIC IMPACT This report presents the current outlook for Morocco given the recent Coronavirus 2019 (COVID-19) developments. The COVID-19 shock is, however, abruptly pushing the economy into a severe recession, the first one since 1995. The labor market is facing a shock of historical proportion, with vulnerable workers, including those in the informal sector being particularly affected. The government’s response to date has been swift and decisive. The proactive response has enabled the country to avoid a massive outbreak, thus saving lives. The post-pandemic economic recovery is projected - with unusually large uncertainty - to be a protracted one, with growth only returning to the pre-pandemic trend by 2022. Faced with the risk of a protracted pandemic, moving from mitigation to an adaptation phase is key to ensuring a resilient, inclusive, and growing Moroccan economy. Despite potential volatility in the economic recovery phase, Morocco has an opportunity to build a more sustainable and resilient economy by developing a strategy to adapt, similar to its approach to the environment front. 2020-07-15T16:53:42Z 2020-07-15T16:53:42Z 2020-07 Report http://documents.worldbank.org/curated/en/278731594708906277/Morocco-Economic-Monitor http://hdl.handle.net/10986/34113 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Economic Updates and Modeling Middle East and North Africa Morocco
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic ECONOMIC GROWTH
INFLATION
LABOR MARKET
EMPLOYMENT
PUBLIC DEBT
PUBLIC FINANCE
EXTERNAL SECTOR
FISCAL TRENDS
MONETARY POLICY
CORONAVIRUS
COVID-19
PANDEMIC IMPACT
spellingShingle ECONOMIC GROWTH
INFLATION
LABOR MARKET
EMPLOYMENT
PUBLIC DEBT
PUBLIC FINANCE
EXTERNAL SECTOR
FISCAL TRENDS
MONETARY POLICY
CORONAVIRUS
COVID-19
PANDEMIC IMPACT
World Bank
Morocco Economic Monitor, July 2020
geographic_facet Middle East and North Africa
Morocco
description This report presents the current outlook for Morocco given the recent Coronavirus 2019 (COVID-19) developments. The COVID-19 shock is, however, abruptly pushing the economy into a severe recession, the first one since 1995. The labor market is facing a shock of historical proportion, with vulnerable workers, including those in the informal sector being particularly affected. The government’s response to date has been swift and decisive. The proactive response has enabled the country to avoid a massive outbreak, thus saving lives. The post-pandemic economic recovery is projected - with unusually large uncertainty - to be a protracted one, with growth only returning to the pre-pandemic trend by 2022. Faced with the risk of a protracted pandemic, moving from mitigation to an adaptation phase is key to ensuring a resilient, inclusive, and growing Moroccan economy. Despite potential volatility in the economic recovery phase, Morocco has an opportunity to build a more sustainable and resilient economy by developing a strategy to adapt, similar to its approach to the environment front.
format Report
author World Bank
author_facet World Bank
author_sort World Bank
title Morocco Economic Monitor, July 2020
title_short Morocco Economic Monitor, July 2020
title_full Morocco Economic Monitor, July 2020
title_fullStr Morocco Economic Monitor, July 2020
title_full_unstemmed Morocco Economic Monitor, July 2020
title_sort morocco economic monitor, july 2020
publisher World Bank, Washington, DC
publishDate 2020
url http://documents.worldbank.org/curated/en/278731594708906277/Morocco-Economic-Monitor
http://hdl.handle.net/10986/34113
_version_ 1764480353539457024

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