Crisis-hit Moroccans join ‘informal economy’ as job market shrinks – ZAWYA

Crisis-hit Moroccans join ‘informal economy’ as job market shrinks – ZAWYA

Crisis-hit Moroccans join 'informal economy' as job market shrinks | ZAWYA MENA Edition HomeEconomyNorth AfricaArticleCrisis-hit Moroccans join 'informal economy' as job market shrinks Unemployment is expected to surge to a rate of 14.8% in 2020    Image used for illustrative purpose. Morocco, Tangier, view of Old City from harbour RABAT- The coronavirus crisis is expected to expand Morocco's informal economy of people who work for cash, reducing tax revenue and leaving many without social protection, the head of the state planning agency and economists said.More than a third of Moroccan workers are already in the informal economy, doing manual or domestic labour, driving taxis or selling in the streets, accounting for 14% of gross domestic product, according to the agency.However, the crisis is expected to expand this informal economy as people lose their jobs in companies and consumers seek the cheaper goods and services provided by workers who are not registered with the state's pension fund.More than a third of Moroccan workers are already in the informal economy, doing manual or domestic labour, driving taxis or selling in the streets, accounting for 14% of gross domestic product, according to the agency.RABAT- The coronavirus crisis is expected to expand Morocco's informal