Morocco’s development rate close to 2.8% in fourth quarter

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Morocco’s development rate is approximated to average 2.8 % in the fourth quarter of 2014, compared to 2.6 % in third quarter, statistics released from the office High Commission for Planning (HCP).

Morocco’s development rate close to 2.8% in fourth quarter

Morocco’s development rate close to 2.8% in fourth quarter

With a 2.4 % turn down of agricultural value added and a 2.6 % upsurge of non-agricultural activities, national economic development is approximated to somewhat quicken to arrive at 2.8 % in the fourth quarter of 2014, according to the statistics issued by HCP.

Development expectations in the fourth quarter of 2014 should be more constructive and beneficial than the last three quarters.

International demand for Moroccan export trades for instance electronics and auto manufacturing is estimated to escalate by 3 %. Progress for the overall year should therefore near 2.4 %, the HCP ended.

Mohamed Dekkak