The Moroccan Central Bank expected inflation to rise to 6.3 percent in 2022 from 1.4 percent in 2021, against the backdrop of rising fuel prices in global markets, before declining to 2.4 percent in 2023.
The bank expects economic growth to fall to 0.8 percent this year from 7.9 percent in 2021 after the worst drought in decades.
The Moroccan government had signed a "social agreement" with the major unions and the Federation of Employers, which stipulated, in particular, an increase in the minimum wage in the public and private sectors. The agreement includes raising the minimum wage by 10 percent over two years in the industrial, trade and service sectors. The minimum wage before the announced increase is 2,638 dirhams, net of taxes (250 euros), but it does not include the agricultural sector. Under the agreement, the minimum wage in the public sector will be 3,500 dirhams, net of taxes (about 330 euros), compared to 3,362 dirhams currently (about 320 euros).
Source (Al-Arabiya.net Website, Edited)
