Diaspora and tourists give Moroccan economy a boost in summer

Not only will this increased spending have a positive impact on growth in the short term, it could also lead to investments in tourism infrastructure and a stronger economy in the long term.

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According to economic expert Abdul Razzaq Al-Hairi, increased consumption stimulates various economic activities, whether in the formal or informal sector. This has a direct impact on economic growth, as consumption is an important factor in addition to investments and exports. Moreover, the need for additional funds during the holiday season leads to more loans, which strengthens the banking sector.

However, El Heri also warns of the possibility of inflation if demand exceeds supply. This can lead to higher prices, as is already evident for some products and services. He therefore advises Moroccan families to use their money wisely and make sure they still have enough savings after the summer to start the school year, for example.

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Economist Mohamed Jadri emphasizes the positive effects of increased consumption on domestic demand for goods and services. This ensures higher profits for companies and can lead to more job opportunities. In addition, the treasury also benefits from additional tax revenues, such as value-added tax and income tax.