Publication

This commentary examines Morocco's economic situation and the consequences of policy reforms in the midst of a financial crisis. The author outlines the changing budgets and increasing uncertainty facing the governing Justice and Development Party (PJD) and the policies they have applied to avoid economic collapse in such difficult circumstances. He concludes that the PJD mistakenly applied expansionary policies in the first half of the term and restrictive policies in the second, which, while it helped create some stability, will likely reduce their chance of re-election.