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Morocco’s economy growth drops by 1.6pct

29 Jan 2017

(MENAFN) Morocco’s economy grew by 1.6 percent last year, down from the previous years at 4.5 percent due to a poorly performing agricultural sector.

However, the deceleration was attributed mainly to a very important fall in the production of cereal corps.

Meanwhile, the IMF estimated in Dec that Moroccan growth would be between 1.5 percent and 2 percent in 2016.

In addition, exports from the automotive, aeronautics and elects and textile and agri-food sectors posted an overall increase of 9.2 percent.

MENAFN2901201700450000ID1095223245

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