Global Recession on Morocco’s Economy
TOPIC
a) Analyse the effects of the global recession on Morocco’s economy. b) Discuss what action Morocco has taken to reduce the adverse effects of the downturn c) In your view, does the downturn offer any positive opportunities for Morocco?
Table of contents
Introduction 4
1. The effects of the global recession on Morocco’s economy 5
1-1 The impact of the international financial crisis on Moroccan financial economy 5 1-2 - The Moroccan economy facing crisis 6
2. Actions taken to reduce the adverse effects of the downturn by Morocco 7
3. Does the downturn offer any positive opportunities for Morocco? 9
Conclusion 11
References 12
Introduction
The international financial crisis has largely been developed. The financial crisis which started for several months in the United States eventually explode at the big day to reach the major financial centers around the world.
If the financial and economic mechanisms that led to this quite surprising crisis its suddenness, its magnitude and its rapid spread around the world, appear today relatively well identified, its immediate and impact in term of activity and exchanges are still made of strong uncertainties and raise many concerns. The current crisis is not a classical financial crisis, but a crisis of the world bank and insurance sector, today at the edge of collapse because legitimacy by an epidemic of "toxic debt".
This situation cannot not have repercussions on the Moroccan bank and insurance sector, by its parent to subsidiaries companies relations, or simply a lender-borrower in the world system; Hence a very probable restriction of credit conditions in the Morocco in 2009, which will have a direct impact on the activity of households and businesses.
1. The effects of the global recession on Morocco’s economy
First, we need to specify that for Morocco there are two crises:
The crisis of the poor who can no longer repay their loans: there is no consequence on Morocco
a) Analyse the effects of the global recession on Morocco’s economy. b) Discuss what action Morocco has taken to reduce the adverse effects of the downturn c) In your view, does the downturn offer any positive opportunities for Morocco?
Table of contents
Introduction 4
1. The effects of the global recession on Morocco’s economy 5
1-1 The impact of the international financial crisis on Moroccan financial economy 5 1-2 - The Moroccan economy facing crisis 6
2. Actions taken to reduce the adverse effects of the downturn by Morocco 7
3. Does the downturn offer any positive opportunities for Morocco? 9
Conclusion 11
References 12
Introduction
The international financial crisis has largely been developed. The financial crisis which started for several months in the United States eventually explode at the big day to reach the major financial centers around the world.
If the financial and economic mechanisms that led to this quite surprising crisis its suddenness, its magnitude and its rapid spread around the world, appear today relatively well identified, its immediate and impact in term of activity and exchanges are still made of strong uncertainties and raise many concerns. The current crisis is not a classical financial crisis, but a crisis of the world bank and insurance sector, today at the edge of collapse because legitimacy by an epidemic of "toxic debt".
This situation cannot not have repercussions on the Moroccan bank and insurance sector, by its parent to subsidiaries companies relations, or simply a lender-borrower in the world system; Hence a very probable restriction of credit conditions in the Morocco in 2009, which will have a direct impact on the activity of households and businesses.
1. The effects of the global recession on Morocco’s economy
First, we need to specify that for Morocco there are two crises:
The crisis of the poor who can no longer repay their loans: there is no consequence on Morocco
References: http://www.scribd.com/doc/23737258/Crise-Financiere-Au-Maroc http://www.wabayn.com/economie/120309-crise-conomique-mondiale-le-maroc-r-siste-bien.html "Morocco and the global financial and economic crisis: Public policy stakes and orientations" Royal Institute for Strategic Studies