Morocco: The quarter of an hour of Makhzen – household financial situation, Moroccan High Commission for Planning, economy, household confidence index,
The financial situation of Moroccan households is disastrous
Household morale in Morocco deteriorated sharply in the first quarter of 2022.
Morocco’s High Commission for Planning has begun an investigation into the economic and social situation. The results of this survey are staggering in terms of conclusions.
The investigators, who are Moroccans moreover, noted that “the household confidence index relating to the latter’s perception of the evolution of the standard of living, unemployment, the opportunity to make sustainable purchases and their financial situation, recorded “its lowest level since 2008. The household confidence index (ICM) thus stood at 53.7 points, instead of 61.2 points recorded the previous quarter, and 68, 3 points a year earlier,” said Moroccan experts specializing in the economic and social situation. This report dissects point by point the economic and social reality of the Moroccan people who are prey to an unprecedented impoverishment in their history.
These data are official, since it emanates from the Moroccan experts themselves who supported the investigation by referring to the figures and the evolution of the situation at the economic, financial and social level.
The Moroccan Makhzen regime will no longer be able to evade this reality made up of misery and extreme impoverishment shown by the average Moroccan, left to his own devices.
This disastrous and unprecedented situation in the history of Moroccans is the result of a Kafkaesque management of the Makhzen which does not care too much about the concerns of its people who are suffering martyrdom in broad daylight and in full view of public opinion. international. The investigators noted that “the decline in the level of household confidence during this quarter stems from the deterioration of all the indicators that make it up, and this, both compared to the previous quarter and compared to the same quarter of the year. past”.
And to add: “75.6% of households declare a deterioration in the standard of living during the last 12 months, 15.7% a maintenance at the same level and 8.7% an improvement”, support the investigators who wrote the report on the economic and social situation in Morocco. All the indicators are red, unemployment is the most delicate and dangerous issue that awaits Moroccan youth who are candidates to enter working life. This reality is astounding and truly frightens as to the near future of Moroccan youth who are floundering and living to the rhythm of uncertainty and the most disastrous and worrying social marginalization.
Moroccans who were questioned about their financial situation, told the interviewers that “our financial situation has deteriorated sharply over the past 12 months”. The paradox of the Moroccan regime of the Makhzen is that the situation on the economic and social level is taking a very serious turn which indicates that Morocco is on the verge of bankruptcy and explosion, while the voices and supporters of the said Makhzen continue to cultivate lies and impostures about the economic and social situation of the majority of the Moroccan people who are drowning in misery, exclusion and marginalization.
The report of the High Commission for Planning (HCP) investigators is stubborn and incisive as to the presentation of the economic and social situation in Morocco. In this regard, he focused on the problem of the drastic and acute shortage of food products and other products intended for consumption, as is the case of fuel and energy in general. The survey report concluded that “the prices of food products should continue to increase according to 76.9% of households against only 2.8% who expect them to fall”, support the investigators of the High Commission for Planning. What is certain is the fact that the Moroccan Makhzen regime is facing one of the most serious structural crises in its history.
This crisis, made up of the specter of bankruptcy, bankruptcy and social explosion in perspective, risks transforming Morocco into a veritable powder keg where the common people will take revenge for the suicidal economic and social policies of the Makhzen.
Hocine NEFFAH
L’Expression17/04/2022
#Morocco #Makhzen #Economy #Crisis