Moroccans Expect Deterioration in Quality of Life in 2020, Says HCP

Rabat – Morocco’s High Commission for Planning (HCP) has published a business survey outlining that the majority of Moroccan households are pessimistic about their quality of life in 2020.

HCP conducted the survey based on Moroccan households’ expectations about unemployment, the cost of living, and the ability to save money.

Roughly 43% of households stated that they experienced a deterioration in their quality of life over the past 12 months, 34% maintained the same level. However, 23% said their quality of life has improved.

Meanwhile, around 28.8% of households expect a decline in quality of life in the coming year, 44.5% expect a stagnation, while 26.7% await improvement.

In 2020, around 79.5% of households expect a rise in the unemployment rate, while 7.9% expect a drop.

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In terms of the purchase of durable goods, approximately 55.6% consider that the right time to buy durable goods.

During the last 12 months, around 65.6% of Moroccans said their income covers their expenses, 30.4% said that they are in debt or have had to tap into their savings, while 4% stated that they are able to save a little.

Concerning their financial situation in 2020, around 27.6% are optimists while 11.7% are pessimists.

Around 17.8% of households expect to be able to save money in 2020, while 82.3% believe they can not.

Regarding inflation, roughly 85.2% believe the cost of food rose in 2019, while a small proportion of households say that they did not.

The majority of Moroccan households (82.7%) believe that the cost of food will continue to rise into 2020, while 0.5% expect a drop.

In 2019, 54% of Moroccan households said that the quality of administrative services has improved, compared to 58.8% in 2018.