OECD Economic Surveys: Morocco 2024

Name: OECD Economic Surveys: Morocco 2024
Brand: OECD
SKU: 9789264569928
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ISBN13: 9789264569928
Binding: Paperback
Subject: N/A
Publisher: OECD
Publisher Imprint: OECD
Publication Date: November 22, 2024
Pages: 140
Original Price: GBP 35.88
Language: English
Edition: N/A
Item Weight: 332 grams
BISAC Subject(s): Public Policy / Economic Policy

About The Book

Growth has rebounded from the pandemic and the energy crisis, despite the 2023 earthquake and droughts. Morocco has benefitted from a stable macroeconomic regime and the deficit is narrowing following the pandemic and energy crisis with the government debt ratio is around 70% of GDP. Morocco has embarked on major reforms to encourage investment and to extend health insurance and social protection, but a stronger convergence path will be needed to achieve the vision in the New Development Model. Morocco's labour productivity gap with the frontier remains large, although it has narrowed. FDI flows have been strong, but domestic private investment is low, and Moroccan firms face obstacles in performing better. Morocco's young population is an asset, but the labour market suffers from high youth unemployment and low female employment. Emigration is significant. Widespread informality leads to low wages, poor-quality jobs and weak skills. Morocco has made an ambitious commitment to reduce carbon emissions by 45% by 2030 compared to 2010 and to net zero by 2050, benefiting from the country's potential for renewables-based generation. The country is vulnerable to climate change and already faces significant water stress.

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