Morocco's economic growth to jump to 4.3 pct in 2017
Xinhua News Agency | September 27, 2017- The Moroccan economic growth is expected to jump to 4.3 percent in 2017 after a slow growth of 1.2 percent in 2016, the central bank said in a statement on Tuesday.
This positive performance is mainly due to better agricultural output, the bank added.
Morocco produced 9.6 million tons of cereals in the 2016-2017 crop year, compared with 3.35 million tons last year, said the Moroccan ministry of agriculture.
According to the central bank's forecast, the economy growth will slow down to 3.1 percent in 2018.
Meanwhile, the budget deficit would stand at 3.2 percent of the GDP this year, down from 4.1 percent in 2016.
The bank said it expected inflation to remain around 0.6 percent in 2017.
The Moroccan government has vowed to achieve an average annual growth between 4.5 and 5.5 percent during 2016 to 2021.