The diaspora and tourists give the Moroccan economy a summer boost

This cost increase not only has a positive impact on short-term growth, but can also lead to investments in tourism infrastructure and a stronger economy in the long term.

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According to the economist Abderrazak El Hiri, increased consumption stimulates various economic activities, both in the formal and informal sectors. This has a direct impact on economic growth, as consumption is an important factor in addition to investments and exports. In addition, the need for extra cash during the holiday season leads to more lending, boosting the banking sector.

However, El Hiri also warns of possible inflation if demand exceeds supply. This can lead to price increases, as already seen for some products and services. So he advises Moroccan families to use their money wisely and make sure they still have enough savings after the summer for the start of the school year, for example.

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Economist Mohamed Jadri emphasizes the positive impact of increased consumption on domestic demand for goods and services. This will ensure higher profits for companies and can lead to increased employment. In addition, the treasury also benefits from additional tax revenues, such as VAT and income tax.