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More than 80% of Moroccans unable to save

Moroccan households are “more pessimistic” about their future ability to save over the next 12 months, according to a survey by the High Commissioner for Planning (HCP).

Indeed, only 18.5% against 81.5% of households expect to save in the next 12 months, says the HCP in an information note recounting the results of the household survey in 4th quarter 2018.

Thus, the balance of opinion among Moroccans rose to 63 points in the fourth quarter, instead of 64.6 points a quarter earlier and 58.6 points a year earlier, said the HCP.

Regarding households’ perceptions of food price developments, 90.4% of households report that food prices have risen in the last 12 months when only 0.1% feel their decrease, highlights Note.

The balance of opinion remained negative at minus 90.3 points, after being minus 88.1 points the previous quarter and minus 88.5 points a year ago, adds the same source.

Over the next 12 months, food prices are expected to continue to rise, according to 86.9 percent of Moroccans’ households, compared to 0.3 percent, which is expected to decline, according to the survey.

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