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Morocco's economy grows by 4.8 percent in Q2

Staff Writer |
Morocco's economy grew by 4.8 percent in the second quarter of this year, up by one percentage point over last year, local media reported on Sunday.

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The official High Commission for Planning said in a note that the growth was mainly due to the rise in agricultural output by 17.4 percent in the second quarter this year, up by 3.2 points from the first quarter, the site of the Moroccan daily l'Economiste reported.

Apart from the agriculture sector, which accounts for more than 15 percent of the country's economy, the non-agricultural sector grew by 3.3 percent in the second quarter from a year ago, the commission added.

As for the third quarter of 2017, the official planning agency expects the economy to grow by 4.1 percent in compared to 1.3 percent a year earlier.

The Moroccan economy was hit hard by a drought in the fall of 2015, which compromised the 2016 agriculture production. Helped by heavy rainfall in late 2016, the economy has greatly improved.

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