- 我们are forecasting that the impact of the Covid-19 pandemic and the subsequent movement restrictions will have a negative impact on consumer spending habits, with 2020 projected to record the strongest decline in real household spending in the Maghreb sub-region since we started tracking in 2000.
Key View:Morocco is the top ranked MENA market in our Autos Production Risk/Reward Index, thanks to a robust outlook for production growth, low labour costs and positive industry policy. There is still room to improve, in terms of the country's logistics network and growing the active labour force.
Regional Bright Spot
- 我们believe this trend will accelerate over the medium term, as Rabat attempts to garner international support for its claim over Western Sahara.
- The kingdom is also attempting to diversify its trade partners away
- At Fitch Solutions, we forecast that the economic conditions in Morocco will deteriorate over the coming months and that GDP will contract by 4.5% in 2020.
- Our forecast is underpinned by collapsing external demand for the kingdom’s exports and plummeting remittance inflows on the back of deteriorating economic conditions in Europe.
- Overall, we believe
我们在惠誉解必威官网在线客服决方案预测迪拉姆将由2.9％贬值的美元在2020年，以年均MAD的未来/ USD9.90相比MAD / USD9.62在2019年这种趋势将通过不断扩大的经常账户支撑赤字，实际利率和下降Covid-19诱导新兴的压力
- Countries in North Africa, specifically Morocco and Egypt, will benefit from the restructuring efforts of Original Equipment Manufacturers (OEMs) post-Covid-19 as they will seek to reduce their dependence on Chinese manufacturing and shorten their supply chains through onshoring or nearshoring some of their
- Subdued agricultural output on the back of poor weather conditions will
- At Fitch Solutions, we have revised down our 2020 current account balance forecast from -5.1% of GDP to -6.7% as deteriorating global economic conditions prompt a drop in goods exports and tourist arrivals.
- Nevertheless, we expect collapsing oil prices and declining domestic demand to prevent a more
- Morocco's move up the automotive value chain, especially into R&D, will face a significant obstacle from the country's weak tertiary graduate demographics.
- Morocco's component manufacturing, the second link in the value chain, is also developing quickly and is allowing the country to climb further up the