Earthquake Strikes at Heart of Morocco’s Troubled Economy

This weekend’s powerful earthquake that killed more than 2,000 people also struck at the heart of Morocco’s tourism industry weeks ahead of peak season and just as the sector was starting to recover from the Covid-19 pandemic. The North African country has already been suffering from a significant economic contraction this year. Now it faces potential losses of up to 8% of gross domestic product, with the most likely scenario being losses of between $1 billion and $10 billion, according to estimates from the U.S. Geological Survey. Hardest hit was...