Zawya
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By Ahmed Eljechtimi, Reuters News
Agricultural activity dropped by 0.5% year-on-year in the first quarter.
Image used for illustrative purpose. Crowded market square square Jamaâ El Fnain City of Marrakesh, Morocco.
Morocco’s economy grew 2.9 percent year-on-year in the first quarter of 2018, down from 3.8 percent in same period last year, after a drop in agricultural output, the country’s High Planning Commission said on Tuesday.
The Moroccan economy will grow by 3 percent in the second quarter, down from 4.2 percent in the same period last year because of lower agricultural output, the state agency said.
Agricultural activity dropped by 0.5 percent year-on-year in the first quarter, the agency said, noting that agricultural output this year will nevertheless be the third-highest ever registered since 2011 thanks to abundant though late rainfall.
The non-agricultural sector grew by 3.2 percent in the first quarter, up from 2.4 percent year on year, boosted by mining activities and market services, the agency said.
