Go Morocco Forums

flowerbomb

I am trying to get a handle on how the economic downturn is affecting Morocco? Especially I am expecting those who are currently living in Morocco to give us more insight. I heard that rain has been good to Morocco in 2008. But because the west is tightening its belt, Morocco cannot expect a profitable number of tourists. Does this mean that an agricultural well-being can balance out mediocre tourism?

What and who is broke in Morocco?

share your thoughts.

Abdel

I'm sure it's affecting tourism mainly but with the good rain falls, I think the economy is doing just fine. actually one of the fewest in this recession. car sales are increasing and unemployment is decreasing.

__________________
cuisine marocaine

MrRight

very nice topic to talk about the affection of Morocco by world economy crisis
to be honest with you , if you are not in the filed of tourisme you will not feel the crisis , all the filed are stable in Morocco except Tourisme and some type of real estates and Cars , other hand there is lot of big project that have been started like the huge touristique project in Essaouira of Emirati groupe and other in Tangiers .
so Morocco is doing Good

Esteve

I Have freinds with shops in Tangiers and they are realy struggling through lack of tourists. Mainly through the crisis but also due to the ridiculous prices of the ferrys.
I live in Tarifa in Spain which is only 20klm across the straits to Tangiers.We get a lot of tourists who would love to visit Tangiers and Morocco,but a lot are put off by the high prices.

Sarah

Yes that's an issue since the ferries are owned and operated by few companies. we should write a petition to the minister of tourism in Morocco. maybe they could look at it and resolve it.

Esteve

I Think the owners of FRS are from Norway I doubt that they'd be interested in anything but profit.
But something needs doing it's not just tourism,the cost is keeping Moroccan families apart aswell.

MrRight

Mohammed VI calls for public officials Bmassarahp the consequences of the global financial crisis over Morocco

Press sources said that King Mohammed VI met recently with members of the government in a "closed" to receive a report on the implications of the global financial crisis on the economy of Morocco.

According to the Journal, "the newspaper first," the royal reception was not announced in the Moroccan media have been with members of the Government including the Minister of Finance and Economy Salaheddine Mezouar, the Minister of Industry, Trade and New Technologies Shami Ahmed Reza, the Minister of Economic Affairs and General Nizar Baraka, was summoned to the Meeting the Prime Minister Abbas Fassi.

The IISS report, which was presented to King Mohammed VI, accompanied by a large negative impact of the global economic crisis on the economy of Morocco, which is not reflected in official statements of senior officials for fear of exaggeration, which Morocco claims that far from the repercussions of the global financial crisis.

According to the same sources, the Royal Instructions were issued in the direction of talking frankly to the public so as not to even be surprised what is worse.

Experts fear that the current crisis have a substantial impact on key sectors of tourism and the remittances of Moroccan workers abroad and some industries such as automobiles and textiles.

The Moroccan government has decided this week to develop an economic strategy of the Commission take it upon themselves to follow-up to the repercussions of the global financial crisis and its impact on Morocco and its economy, is also among the tasks of the Commission to propose to the Government a series of urgent measures to alleviate the repercussions of the global financial crisis and its impact on industrial production for export , and study measures to be taken to anticipate the impact of the global economic crisis on a number of economic sectors such as textiles and auto parts.

Headed by Minister of Economy and Finance Salaheddine Mezouar Committee developed, which will include a number of ministries and professional organizations.

According to the Ministry of Economy and Finance, the Committee will concentrate on the preparation of the strategy and measures appropriate to the new world circumstances characterized by financial crisis and severe economic, with a view to pre-empt the negative impact on the sectors.

Mezouar said in his statement to the media that the government will take measures to coordination between the public and private sectors and banks in order to contain the crisis and its repercussions on the sector of Morocco, Mezouar pointed out that the implications of global financial and economic crisis, Morocco has begun to appear in the sectors of export-oriented economy, as he put it.

The auto-processing activity, which depends on the requests of the European car sector crisis which is currently the most affected, with Morocco's exports to the European market in this sector by 30 percent

Sarah

It's about time that the Moroccan government get together to plan a strategy before it's too late and costly.

MrRight

yes Sarah You are Right but in the arcticle they are talking about the Paln B
" preparation of the strategy and measures appropriate to the new world circumstances characterized by financial crisis and severe economic, with a view to pre-empt the negative impact on the sectors."