A better growth rate in 3rd quarter of 2014

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Rabat, Morocco: The development rate of the Moroccan economy is expected to reach about 2.6 % in the 3rd quarter of 2014 year-on-year, against 2.3 % during the second quarter, the High Commission for Planning (HCP) stated.

A better growth rate in 3rd quarter of 2014

A better growth rate in 3rd quarter of 2014

The national economy should grow to achieve approximately 2.6 % in the 3rd quarter of 2014 due to a possible 2.7 % decrease of the agricultural value added and a 3.4 % rise of non-agricultural activities, according to the figures by the HCP on the economic condition for July 2014.

Expansion prospects for the 3rd quarter of 2014 are projected to be, on the whole, more constructive compared to the 2nd quarter, the HCP announced.

Non-agricultural actions, primarily export divisions as clothing, aeronautics and car manufacturing, will increase by more than 3% of the overall demand for Moroccan products.

Mohamed Dekkak