Morocco’s economy is expected to contract by 13.8% in the second quarter under the impact of the coronavirus lockdown, the state planning agency said on Sunday.
It said the economy was expected to shrink by a further 4.6% year-on-year in the third quarter as restrictive measures are loosened.
The economy grew 0.1% in the first three months of this year, it said.
Both domestic and foreign demand are expected to improve in the third quarter after taking a hit in the previous three months.
The central bank forecasts economic growth at -5.2% in 2020 against +2.5% last year.