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Moroccan Economy Expected to Grow by 4.9% in 2021 (IMF)

The Moroccan economy is expected to contract by -7% in 2020 before rebounding with 4.9% growth in 2021, according to the International Monetary Fund (IMF).

In its latest “World Economic Outlook” report released on Tuesday, the IMF says that unemployment is expected to stand at 12.5% in 2020 before falling to 10.5% in 2021, against 9.2% in 2019.

Inflation is expected to remain in 2020 at the same level as 2019, at 0.2%, before increasing to 0.8% in 2021, according to the Washington-based financial institution.

For its part, Morocco’s current account balance would stand at -7.3% in 2020 (-4.1% in 2019) and -5.2% in 2021.

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About AISU

Arab Iron and Steel Union ( AISU ) was established in Algeria in 1971 as the first Arab union of Arab countries to be established under the umbrella of the Council of Economic Unity in the League of Arab States.

AISU is a non-governmental organization of a private nature, not of a political or commercial nature.

AISU works in the field of preparing studies, organizing courses and holding periodic conferences for the prosperity of the Arab iron and steel industry. The union includes a wide range of companies with multiple activities related to the iron and steel industry.

Information About Union

92 Members

28 Board of Directors

17 Country

300.000 Employees

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