In its latest "World Economic Outlook" report released on Tuesday, the IMF says that unemployment is expected to stand at 12.5% in 2020 before falling to 10.5% in 2021, against 9.2% in 2019.

Inflation is expected to remain in 2020 at the same level as 2019, at 0.2%, before increasing to 0.8% in 2021, according to the Washington-based financial institution.

For its part, Morocco's current account balance would stand at -7.3% in 2020 (-4.1% in 2019) and -5.2% in 2021.

According to the same source, global growth is projected at −4.4 percent in 2020 before rebounding by 5.2 percent in 2021.