Casablanca – The growth of the national economy will stand at 4.1% in 2012, according to forecasts of Morocco’s High Commission for Planning (HCP).
This forecast is established below the 4.8% which is retained for 2011 GDP growth, the High Commissioner Ahmed Lahlimi said Wednesday during a press briefing in Casablanca, noting that for 2012, nonagricultural activities will increase 4.9%, while the primary sector will fall by 2.2%.
Domestic demand will continue to drive growth with household consumption to increase by 5% in quantity, while those of public administration will rise by 2%.
The contribution of domestic demand will remain high up to 5.4 points of growth in 2012 against 4.8 in 2011, reported Lahlimi adding that the inflation will stand at 2.1% against 1.3% in 2011.
