Drought, corona virus to slow Morocco’s economic growth to 2%

MOROCCO – Morocco’s economic growth is expected to be revised downwards to near 2% in 2020 from an initial forecast of 3.5% due to drought and the corona virus pandemic, Ahmed Lahlimi the head of Morocco’s planning agency (HCP) has said. Lahlimi in an interview with Reuters said that as a result of the drought which has ravaged many farmlands and the corona virus which has badly affected tourism, “Growth this year will witness the steepest drop in 20 years”. Lahlimi noted that Morocco’s volatile agricultural sector which accounts for…

Read More