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FINANCIAL NEWS
Morocco’s GDP growth falls to 1.4 percent in Q2
03 Jul 2016
(MENAFN) Morocco’s economic growth declined to 1.4 percent year-on-year in Q2 of this year, dropping from 1.7 percent, due to a severe drought in the agricultural sector.
Moreover, it was predicted that the gross domestic product (GDP) growth will slow more to reach 1.2 percent in the third quarter of the recent year.
Additionally, growth for the USD100bn economy in Q2 of 2015 reached 4.1 percent, whereas agricultural output declined by 12.1 percent.
On the other hand, the rise of payments from the Moroccans living abroad by 4.5 percent and consumer credits helped to increase household spending by 2.4 percent.
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BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
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BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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