FINANCIAL NEWS

Morocco’s economy grows by 4.3pct in Q1 this year

06 Apr 2017

(MENAFN) Morocco’s economy increased by 4.3 percent in the first quarter of the year compared with 1.7 percent in the same period of 2015, helped by better agricultural output.

Accordingly, the economy is projected to grow to 4.6 percent in the second quarter of the recent year, while growth was 1.2 percent in the fourth quarter of 2016.

Meanwhile, the country is on course for favorable harvest due to greater rainfall, with a 41 percent in the cereal harvest following a devastating drought last year.

Recently, the account deficit widened by 21 percent in the cited quarter of the year, as oil prices picked up and Moroccan energy imports grew.

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MENAFN0604201700450000ID1095374161

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