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 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.
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Format: | Report biblioteca |
Language: | English |
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World Bank, Washington, DC
2020-07
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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 http://dx.doi.org/10.1596/34113 http://dx.doi.org/10.1596/34113 http://dx.doi.org/10.1596/34113 http://dx.doi.org/10.1596/34113 http://dx.doi.org/10.1596/34113 http://dx.doi.org/10.1596/34113 http://dx.doi.org/10.1596/34113 http://dx.doi.org/10.1596/34113 http://dx.doi.org/10.1596/34113 http://dx.doi.org/10.1596/34113 |
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dig-okr-10986341132023-04-14T02:32:02Z Morocco Economic Monitor, July 2020 Rapport de Suivi de La Situation Économique au Maroc, Juillet 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. Au cours des deux dernières décennies, le Maroc a réalisé des progrès sociaux et économiques significatifs en raison d’investissements publics importants, de réformes structurelles et de mesures visant à assurer la stabilité macroéconomique. Le choc du COVID-19 pousse brusquement l’économie marocaine dans une grave récession, la première depuis 1995. Le marché du travail fait face à un choc de proportions historiques, les travailleurs vulnérables, notamment ceux du secteur informel, étant particulièrement touchés. 2020-07-15T16:53:42Z 2020-07-15T16:53:42Z 2020-07 Report Rapport Informe http://documents.worldbank.org/curated/en/278731594708906277/Morocco-Economic-Monitor http://hdl.handle.net/10986/34113 http://dx.doi.org/10.1596/34113 http://dx.doi.org/10.1596/34113 http://dx.doi.org/10.1596/34113 http://dx.doi.org/10.1596/34113 http://dx.doi.org/10.1596/34113 http://dx.doi.org/10.1596/34113 http://dx.doi.org/10.1596/34113 http://dx.doi.org/10.1596/34113 http://dx.doi.org/10.1596/34113 http://dx.doi.org/10.1596/34113 English CC BY 3.0 IGO World Bank http://creativecommons.org/licenses/by/3.0/igo application/pdf application/pdf World Bank, Washington, DC |
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biblioteca |
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America del Norte |
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Biblioteca del Banco Mundial |
language |
English |
topic |
ECONOMIC GROWTH INFLATION LABOR MARKET EMPLOYMENT PUBLIC DEBT PUBLIC FINANCE EXTERNAL SECTOR FISCAL TRENDS MONETARY POLICY CORONAVIRUS COVID-19 PANDEMIC IMPACT 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 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 |
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 |
topic_facet |
ECONOMIC GROWTH INFLATION LABOR MARKET EMPLOYMENT PUBLIC DEBT PUBLIC FINANCE EXTERNAL SECTOR FISCAL TRENDS MONETARY POLICY CORONAVIRUS COVID-19 PANDEMIC IMPACT |
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 |
2020-07 |
url |
http://documents.worldbank.org/curated/en/278731594708906277/Morocco-Economic-Monitor http://hdl.handle.net/10986/34113 http://dx.doi.org/10.1596/34113 http://dx.doi.org/10.1596/34113 http://dx.doi.org/10.1596/34113 http://dx.doi.org/10.1596/34113 http://dx.doi.org/10.1596/34113 http://dx.doi.org/10.1596/34113 http://dx.doi.org/10.1596/34113 http://dx.doi.org/10.1596/34113 http://dx.doi.org/10.1596/34113 http://dx.doi.org/10.1596/34113 |
work_keys_str_mv |
AT worldbank moroccoeconomicmonitorjuly2020 AT worldbank rapportdesuividelasituationeconomiqueaumarocjuillet2020 |
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