Open figure viewer
Significance
Akhannouch had been facing mounting popular criticism for failing to address Moroccans’ increasingly strident economic grievances. This had led to rumours that King Mohamed VI was on the verge of replacing him. The outstanding question, however, is how Morocco will pay for the package.
Impacts
High inflation could encourage the central bank to raise interest rates in the near future.
High inflation could also aggravate social tensions again, despite Akhannouch’s social package.
Rising energy prices may revitalise Morocco’s renewable energy targets.
Keywords:
Morocco,
ME/NAF,
economy,
politics,
social,
agriculture,
balance of payments,
debt,
fiscal,
government
© Oxford Analytica 2022. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2022
You do not currently have access to this content.
