Morocco’s economic growth rate expected to drop this year

The African Manager

Morocco’s economic growth rate expected to drop this year

PANA – The Moroccan high commissioner for Planning says his country’s economic growth rate would drop from 5% last year to 2.4% this year because of poor harvests.

“The national growth would drop from 5% last year to 2.4% this year,” he said in a statement issued in Rabat.

The balance of foreign trade is also expected to continue recording huge deficits, from 10.7% of GDP in 2010 to 14.1% last year and 16.3% this year, he added.

Posted on June 10, 2012, in Business, Morocco News and tagged , , . Bookmark the permalink. Leave a comment.

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