image description
image description
Tell A Friend

FinancialNews


  • 14-05-20

    2 percent drop predicted in Morocco economy in 2020

    (MENAFN)


    A report released by the European Bank for Reconstruction and Development (EBRD) on Wednesday said that the economy of Morocco is predicted to decline 2 percent in the current year of 2020.

    The report which was announced by the official news agency MAP said that the decline in economy will result from the coronavirus outbreak, and the it is going to rebound 4 percent in the following 2021.


    The report said that the decline is mainly attributed to a strong drop in the tourism sector, efforts taken to stop the spread of the virus, poor harvest, a recession in Europe and the drop in commodity prices.

    The planning agency of the country has reduced the growth prediction for Morocco on the 28th of April for the second quarter of the year to a minus 6.8 percent.


    MENAFN1405202000450000ID1100161716

Follow us

RSS
Terms & Conditions  |  Privacy & Security  |  Contact Us  | Sitemap
© 2024 BBK  |  All Rights Reserved