“Morocco’s Central Bank, Bank Al Maghrib (BAM), said the Kingdom’s growth rate is expected to average 2.5 % in 2014 , with a 3 % growth of non-agricultural GDP and a 2.5 % decline of the agricultural value added,” the Moroccan state news agency La MAP reported.
The abovementioned source went on further to say that the “agricultural productivity gap is expected to be negative and should remain so during the coming quarters as a result of the absence of inflation pressures by the demand.”
The number, if Morocco’s Central Bank expectations are met, will represent a slight decrease compared to last year’s numbers.
Back-then in 2013, the breakdown of the gross domestic product volume was around 4.5%, almost double of what has been recorded in 2012 (2.3% in 2012).
The Moroccan Times.
