Report: Moroccan economy to grow 3.2% this year

24 Feb 2010

(MENAFN) The latest economic outlook issued by the Centre Marocain de Conjoncture (CMC) said that the kingdom’s gross domestic product may grow by 3.2 percent this year, Reuters reported.

Despite the recent rainfalls, this year’s agricultural season will not be as good as the last one, it stressed, adding that the floods caused by these rains would slow the growth of the sector.

Given this situation, the CMC’s experts projected that the agricultural added values will see a fall of about 4.3 percent in real terms.

According to the CMC, which is a private economic think tank, this positive atmosphere will also concern other key sectors, such as the mining one which will register a positive development of about 2.5 percent.

However, the construction and public works sector, which has been one of the country’s main growth drivers, will decelerate in 2010, growing at a slower pace 5.6 percent, according to the report.

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