Economic Growth To Stand At 2.4 In 2012- HCP
Casablanca – Morocco’s economic growth is expected to stand at 2.4% in 2012 down from 5% in 2011, High Commissioner for Planing, Ahmed Lahlimi said on Wednesday.
Speaking during a conference on the economic situation in 2012 and prospects 2013, Lahlimi explained that this decrease is ascribed to the low performance of the agricultural sector due to climatic conditions.
The primary sector will fall by 9.3%, while non-agricultural activities will grow by 4.3%, added Lahlimi.
The secondary sector will increase by 4.4% compared to 4% in 201, Lahlimi said, noting that the tertiary sector’s added value will slow down to 4.2% down from 6% in 2011.