CMC: A growth rate of 7.1% expected in 2021

In its new annual report n ° 53 “2022: Relaunch in perspective” which presents the economic and social assessment relating to the year 2020 and reports the forecasts and framework for the years 2021 and 2022, the Moroccan Center of Conjuncture (CMC) foresees a growth rate of 7.1% for the year 2021.

A press release relating to the release of the report specifies that the improvement in sanitary conditions, the sustained pace of the vaccination campaign, the enthusiasm of operators for the resumption of activity, the excellent agricultural campaign and the strong growth that is taking place. profile for the global economy are all factors that point to a significant recovery of the national economy in 2021.

However, the start of a recovery seems to be taking shape since the beginning of the year which would eventually make it possible to regain pre-crisis performance, believes the Center, stressing that the financial system must support this recovery to enable the system productive to consolidate its march towards economic emergence, a sine qua non condition for any improvement in the standard of living of the population.

However, this concern to revive the productive machine must not neglect the macroeconomic risks likely to arise in 2021 and 2022, warns the Center, specifying that the year 2022 will be marked by a return to calm growth which should be around 4.1% in view of a skepticism that will persist in the minds of economic operators.

In addition, the CMC considers that in the medium to long term, the establishment of the Mohammed VI Investment Fund should be positioned as one of the strategic instruments of the recovery policy mobilizing funding from the State, companies public and private sector.

In the same perspective, the CMC evokes the site of the generalization of Social Protection which it considers to be the stake of this decade, noting that this ambitious vision is clearing its way to plan progressively by 2025, the guarantee of the serenity of the liberal professions, peasants, artisans, traders and other independent providers.



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