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.
