Good news for Morocco’s economy, as reforms and investment pay dividends with deficit reduction, 9.3% growth in agriculture, and 4.1% growth in the non-agricultural economy:
Morocco’s economy is expected to grow 4.8 percent in 2015 after 2.7 percent last year as agricultural output increases, the head of its planning agency, Ahmed Lahlimi Alami, told Reuters on Tuesday.
The forecast for this year is higher than a previous government estimate of 4.4 percent. Alami also said Morocco’s budget deficit was set to narrow to 4.5 percent in 2015 from 5 percent in 2014.
Speaking before a press conference, Alami said the agency expected Morocco’s total debt to dip to 63.5 pct of gross domestic product by the end of 2015 from 64.3 percent at the end of 2014.
“We hope the government will keep up with the reforms that it has started; that is the only way to reduce deficits further,” Alami told reporters later…[Full Story]