Abhatoo - Centre Nationale de Documentation

Overall GDP growth in Morocco slowed from 5.8% in 2008 to 1.5% in 2009, and then picked up slightly to 3.2% in 2010. However, the pace of recovery remains weak. Real GDP growth was just over 3% in both 2011 and 2012 and is expected to remain around the same level in 2013. The pace of growth has been especially slow in the non-agricultural sector where GDP declined by 1.9% in 2009. By sector, the contraction was primarily driven by reductions in
investment in construction and a slowdown in activity in the service sector. As a result, employment in the non-agricultural sector fell by over 1 million during the financial crisis period, while unemployment increased from 7.6 in 2008 to 11.2% in 2010 and has remained above 10% since then. Meanwhile, Morocco's economy has suffered from many structural weaknesses that have held back its long-term development. These include a heavily statist industrial policy and a lack of financial sector reforms. Corruption has also taken a heavy toll on the economy, with the average household paying an estimated $650 per year in bribes. The country also continues to face significant challenges in addressing unemployment and social inequality, which are likely to continue to constrain economic growth in the years to come. In this article, we have tried to assess and examine the financial crisis and the economy at the
national level through statistics. This paper aims to discuss the influence of the financial crisis on the Moroccan economy to stimulate knowledge development in the economic sector. It is based on an overview of the relevant literature on financial problems and their impact on the Moroccan economy with a perspective vision.
The recommended research areas aim to advance the knowledge base to help the Moroccan economic sector recover from the COVID-19 pandemic and the financial crisis, by proposing recommendations and ways of improvement to reverse the harmful effects of the crisis. The proposed research areas should provide actionable information to promote the development and sustainability of the economic sector.