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World Bank concerned about Morocco’s economic outlook

The economic and political transformations in Morocco of recent years as of yet have not been enough to change the World Bank’s mixed outlook on Morocco’s growth potential.

In its latest bi-annual report on Morocco’s economic performance, the Washington-based institution offered a relatively bleak reading about the capacity of Morocco’s economic model to absorb the kingdom’s level of unemployment, poverty, and socio-structural disparities.

Moroccan news outlet Aujourd’hui le Maroc wrote in an October 4 editorial that the World Bank is “particularly concerned about the vulnerability of Morocco’s economic model.”

With an investment rate surpassing national GDP by more than 30 percent, Morocco’s challenge in the short to medium term will be to boost investments to increase national productivity and stabilize the country’s sporadically-performing economy, the editorial explained.

The World Bank’s report is in many regards in agreement with the institution’s misgivings about Morocco’s improving but fragile, “unsustainable, and vulnerable” economic performance.

Source: moroccoworldnews.com


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