Purchasing power, drought, economic recovery: we are busy!

As expected, a gradual withdrawal from a health pandemic entails a resurgence of powerful social and economic problems.

Morocco’s successful efforts to contain the pandemic have generated great support from the Moroccan people and temporarily proved the importance of health over all other considerations.

But no one has been fooled. Morocco’s economic situation in 2019 was already characterized by unresolved problems and, worse, worsening problems. Moroccan purchasing power has been double-hit by unprecedented multi-sector inactivity on the one hand and global inflation due to pandemics on the other. This has generated almost all price increases.

Sure, the sun isn’t Morocco, but the heat doesn’t prevent it from being here. Moroccans don’t care if a significant decline in purchasing power is directly or indirectly related to international prices, and frankly, it’s easy to understand why. Especially for the overwhelming majority of our fellow citizens, going to the cinema or having dinner in town is not a budget issue, but eating, finding accommodation, or a day trip. It’s about going to work. -Day.

Social emergencies are even more worrisome as this year will be accompanied by heavy water stress rainfall conditions. The downside is certainly not luck, but the facts are there, the social turmoil is inflated, and populists of our politicians like whipping father Ben Killane, who ignores frontline involvement in control. For 10 years, we have been talking about and providing lessons to all.

On the government side, a little pressure and stress certainly doesn’t hurt. After months of installation, file recovery, consultations, meetings, and announcements, it’s time for promises to have a tangible effect on government teams who want to take action. It is not unusual for the head of government and his team to be increasingly expected in turn. We must break this simple dichotomy of creating two camps between pros and cons to criticize the government’s actions as allowing it to be justified or amended. It will not be.

In fact, some factors seem to ease the economic tensions of Moroccan households and converge towards a recovery scenario. First, affected sectors such as tourism will eventually begin to receive the assistance promised to them, and the opening of borders will also allow the entire economic structure to revive little by little. Under the high leadership of Mohamed VI, the program aimed at mitigating the effects of rain shortages already has an operational action plan, with 3 billion dirhams donated by the Hassan II Foundation out of the 10 allotted. I am. And social dialogue against the backdrop of the pension system will finally be returned to the negotiating table.

In reality, the political economy agenda has at least the benefit of regaining coherence, and it is also a safe bet that the post-pandemic recovery of the world economy will ease Moroccan constraints by reducing raw material inflation and import prices.

A grace period when our rulers certainly want as much as rain.

Elephant Hair Yata

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