10 Results, Refine search

Morocco is a medium-sized economy with strong growth potential. Macroeconomic fundamentals are sound, the banking sector is strong and sophisticated, and structural reforms have been implemented. Nevertheless the economy has been hit hard by external shocks (Covid, collapse of tourism activity, contraction of demand from European countries). The fact that the country has been able to increasingly capitalise on its strategic location to become an industrial hub between Europe and Africa is also encouraging. Morocco is now the first car manufacturer in Africa. Agriculture remains also highly significant to the economy, resulting in considerable volatility in economic growth.