Morocco Economic Update : The Recovery is Running Dry

The Moroccan economy staged a strong recovery in 2021. However, Morocco is once again suffering the impact of a string of adverse shocks. The beginning of the agricultural season has been unusually dry, and a poor cereal crop is to be expected for...

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Main Author:	World Bank
Format:	Report
Language:	English en_US
Published:	Washington, DC : World Bank 2022
Subjects:	COVID-19 ECONOMIC RECOVERY FISCAL POLICY INFLATION LABOUR MARKET MACROECONOMIC OUTLOOK
Online Access:	http://documents.worldbank.org/curated/en/099529307192239926/IDU020d792070df4a04e830957f0f9fd56c0f71e http://hdl.handle.net/10986/37729

id	okr-10986-37729
recordtype	oai_dc
spelling	okr-10986-377292022-07-21T05:10:50Z Morocco Economic Update : The Recovery is Running Dry World Bank COVID-19 ECONOMIC RECOVERY FISCAL POLICY INFLATION LABOUR MARKET MACROECONOMIC OUTLOOK The Moroccan economy staged a strong recovery in 2021. However, Morocco is once again suffering the impact of a string of adverse shocks. The beginning of the agricultural season has been unusually dry, and a poor cereal crop is to be expected for 2022. This coincides with a slowing of the global economy and rising international commodity prices, adverse trends that severely intensified following the Russian invasion of Ukraine. Ongoing shocks are affecting fiscal and external balances. Albeit somewhat more moderately than in other countries, Morocco is beginning to face intense inflationary pressures. Recent droughts serve as a stark reminder of the exposure of the Moroccan economy to rainfall shocks. Infrastructure development is a necessary but not sufficient condition to cope with water scarcity. Historically, Morocco has relied on massive water storage and irrigation investments to cope with highly variable rainfall patterns. Such investments are more necessary than ever, but international experience suggests that to cope with water scarcity, “engineering solutions” need to be coupled by effective water demand management policies. 2022-07-20T19:39:36Z 2022-07-20T19:39:36Z 2022-04 Report http://documents.worldbank.org/curated/en/099529307192239926/IDU020d792070df4a04e830957f0f9fd56c0f71e http://hdl.handle.net/10986/37729 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC : World Bank Economic & Sector Work Economic & Sector Work :: Economic Updates and Modeling Africa Morocco
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	COVID-19 ECONOMIC RECOVERY FISCAL POLICY INFLATION LABOUR MARKET MACROECONOMIC OUTLOOK
spellingShingle	COVID-19 ECONOMIC RECOVERY FISCAL POLICY INFLATION LABOUR MARKET MACROECONOMIC OUTLOOK World Bank Morocco Economic Update : The Recovery is Running Dry
geographic_facet	Africa Morocco
description	The Moroccan economy staged a strong recovery in 2021. However, Morocco is once again suffering the impact of a string of adverse shocks. The beginning of the agricultural season has been unusually dry, and a poor cereal crop is to be expected for 2022. This coincides with a slowing of the global economy and rising international commodity prices, adverse trends that severely intensified following the Russian invasion of Ukraine. Ongoing shocks are affecting fiscal and external balances. Albeit somewhat more moderately than in other countries, Morocco is beginning to face intense inflationary pressures. Recent droughts serve as a stark reminder of the exposure of the Moroccan economy to rainfall shocks. Infrastructure development is a necessary but not sufficient condition to cope with water scarcity. Historically, Morocco has relied on massive water storage and irrigation investments to cope with highly variable rainfall patterns. Such investments are more necessary than ever, but international experience suggests that to cope with water scarcity, “engineering solutions” need to be coupled by effective water demand management policies.
format	Report
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Morocco Economic Update : The Recovery is Running Dry
title_short	Morocco Economic Update : The Recovery is Running Dry
title_full	Morocco Economic Update : The Recovery is Running Dry
title_fullStr	Morocco Economic Update : The Recovery is Running Dry
title_full_unstemmed	Morocco Economic Update : The Recovery is Running Dry
title_sort	morocco economic update : the recovery is running dry
publisher	Washington, DC : World Bank
publishDate	2022
url	http://documents.worldbank.org/curated/en/099529307192239926/IDU020d792070df4a04e830957f0f9fd56c0f71e http://hdl.handle.net/10986/37729
_version_	1764487798509797376

Morocco Economic Update : The Recovery is Running Dry

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