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Covid19 / Morocco: Tourism losses are estimated at 4% of GDP



Moroccan tourism, the sector most affected by the health crisis, could suffer an estimated loss of 4% of GDP, according to International Monetary Fund (IMF) forecasts.

“Losses in tourism revenues in excess of 2% of GDP are expected to be concentrated among major tourist-receiving countries, such as Costa Rica, Egypt, Greece, Morocco, New Zealand, Portugal, Spain, Sri Lanka, Thailand and Turkey,” the IMF said in a report. France is still quite gentle. “The effects on tourism may persist to some extent in 2021 and beyond,” the IMF also emphasizes.

But a recovery is still possible. “44% of respondents to a survey by the World Tourism Organization (UNWTO) expect that demand for international tourism will not begin to recover until 2021

,” the IMF notes.


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