Morocco’s GDP to Increase by 3.9% in 2017 Q1: HCP

Morocco’s economy will post a 3.9% growth in the first quarter of 2017, compared to 1.7% a year earlier, the High Commission for Planning (HCP) said.

This performance is the result of a 11.1% rise in agricultural added value, the source added.

 
This year will be marked by a 3.2% increase in global demand for Morocco, which will boost the profits of several exporting industries, including the automotive, electronics and textile industries, according to the HCP.

Morocco’s economy posted a 1.2% growth in the fourth quarter of 2016, compared to 0.8 % in the previous quarter, HCP noted.

During this period, revenues from Moroccans living abroad posted an increase of 1.8%, the source said.

Source:Morocco World News