Two months after its parliamentary elections, Morocco has not yet assembled a governing coalition. Its economic problems are piling up and causing anxiety amongst foreign investors. As 2016 coughs and splutters to its inevitable conclusion, it is time to take a look back over Morocco’s economic performances within the past 12 months and take stock a bit. So sit back in your armchair, grab your mint tea and slippers, and let us delve deeper into the story.
When people think of economics, the temptation is to think of old men and women, sitting around on green benches debating the most boring of issues. When they think of football, they think of the glitz and glamour of the Premier League – young millionaire men driving fast cars and living the life most people can only dream of.
Cocaine is one of the most profitable businesses in the world. With its plain strategies of demand and supply, key market players have been able to demonstrate the futility of prohibition for decades. Despite the billions of dollars that the Colombian government alone has thrown at the ballooning industry, drug trafficking has prevailed.
Following many years of economic and political sanctions, where Iran played second fiddle to Saudi Arabia in the Middle East, the Persian state is finally back into the spotlight.
High inflation levels, shrinking economy, falling government spending and political unrest have all described the Russian economy in 2015. The crucial question now is: Is it really that bad?