Global Recession on Morocco’s Economy Essay example

2978 Words Jun 3rd, 2011 12 Pages
TOPIC

a) Analyse the effects of the global recession on Morocco’s economy. b) Discuss what action Morocco has taken to reduce the adverse effects of the downturn c) In your view, does the downturn offer any positive opportunities for Morocco?

Table of contents

Introduction 4

1. The effects of the global recession on Morocco’s economy 5

1-1 The impact of the international financial crisis on Moroccan financial economy 5 1-2 - The Moroccan economy facing crisis 6

2. Actions taken to reduce the adverse effects of the downturn by Morocco 7

3. Does the downturn offer any positive opportunities for Morocco? 9

Conclusion 11

References 12

Introduction

The international financial crisis has largely been
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1-2 - The Moroccan economy facing crisis

The determination of the Moroccan government aims to continue its efforts in adopting measures to cope with the effects of the global crisis such as the strengthening of public investment, improving the purchasing power of the Moroccans, the maintenance and strengthening the Compensation Fund, supporting small and medium enterprises (SME) and export companies.

The High Commission for Planning (HCP) of Morocco provides a growth rate of 6.6% of the national economy in first quarter 2009, against 4.8% the previous quarter, due to prospects of a crop to above the average of the last five years. The 2008/09 crop of Morocco looks highly favorable and promises to reduce the output gap beyond its trend level. In late December 2008, the cumulative rainfall has exceeded that of a normal year of l06%. This surplus has affected all agricultural regions of Morocco and induced a rise of 40.7% of water supplies for agricultural dams. In these circumstances, and given

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