Xinhuanet
Xinhua
Morocco’s economy grew 2.4 percent in the second quarter of 2018, down from 4.5 percent last year, the official High Commission for Planning said Sunday.
This sharp decline was mainly because the growth of agricultural output slumped to only 3 percent in the second quarter from 18.1 percent in 2017, the commission said in a note on the Moroccan economy.
Apart from the agriculture sector, which accounts for more than 15 percent of Morocco’s economy, the industry grew 2 percent in the second quarter, down from 3.8 percent a year ago.
According to Morocco’s central bank, the country’s economic growth is expected to slow to 3.5 percent in 2018, down from 4.1 percent in 2017.
The central bank expects this trend to continue in 2019 with the economic growth further dropping to 3.1 percent.
