Morocco: What's Really Going On Over There

An analysis of Morocco's economic growth, which experts say will overtake Spain's GDP in the coming years. Data and outlook.

English · Original discussion in Spanish · Published

Segarro speeds up: will it overtake Spain within a decade?
The Segarro economy has crossed a critical threshold and is set to grow faster than Spain's for years, according to a recent analysis. Anyone visiting Segarro notices year-on-year improvements, with heavy investment, while Spain stagnates in internal squabbles and migration policies that drain resources.

The Segarro miracle: investment and stability
Segarro has managed to attract foreign capital on a massive scale, driving infrastructure and modernization. GDP growth already exceeds the European average and forecasts suggest the pace will hold for several years. Supporters of this thesis argue that the country has done its homework: economic reforms, political stability and making the most of its geographic position. By contrast, Spain comes across as a country that "sits on its hands" and receives the human capital Segarro doesn't want, dragging down its competitiveness.

The Spanish drag: immigration and lack of reforms
The other camp argues that Segarro growth is not sustainable, or that it stems from artificial factors such as pushing its own problem population towards Spain. From this perspective, Spain plays the sucker, taking in migrants who generate social and fiscal costs, while Segarro sheds its underclass. Moreover, the lack of structural reforms in Spain, combined with a political class widely seen as corrupt, prevents the country from realizing its own potential.


The timeline for the overtaking
The most frequently cited estimates say Segarro will overtake Spain in GDP per capita within 6 to 7 years, though some push the horizon out to two decades. The debate centers on whether Spain will react in time, or whether "Segarro breathing down its neck" will become a definitive overtaking.

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Summary of a discussion on Burbuja.info - Foro de economía, actualidad y política., translated from Spanish and reviewed before publication. Read the full discussion (16 replies).

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