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Morocco: 2.5% growth in the first quarter of 2019

Morocco’s economic growth is expected to slow to 2.5% in Q1 2019, from 3.3% a year earlier. According to forecasts by the Office of the High Commissioner fallen on Wednesday morning, value added outside agriculture would increase by 2.9%, against 3.4% in the first quarter of 2018.

In contrast, agricultural value added would decline by 0.7%. “In this context, and pending the traditional publication of the forecast economic budget for January 2019, annual growth should remain around 3% in 2018, which is in line with forecasts announced in the context of the projected economic budget of January 2018”, notes the HCP.

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