Global Arab Network | Morocco expects economy to grow by 4%

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Morocco expects economy to grow by 4%

Global Arab Network - - Jihad Taki

Saturday, 12 March 2011 20:43

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Rabat - Morocco's economy shall grow by 4% in the first quarter of 2011, almost the same performance recorded last year, Morocco's planning and statistics authority (HCP) said.

"In the first quarter of 2011, the economic growth prospects remain favourable as a whole, despite a relatively less buoyant international environment compared to 2010, marked by a moderation of global activity and trade," said the HCP in its note on January's economic situation.

This performance is due to the growth of non-agricultural activities that would remain around 4.4% in the 1-st quarter of 2011, driven by service sector's momentum, the HCP said, noting that the value added in agriculture could almost stagnate.(MAP)

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