Economic growth to stand at 2.6% in Q2, High Planning Commission says

Morocco’s economic growth will stand at 2.6% in the second quarter against 2.8% in the first one, the High Planning Commission said.

The fall-off is due to the agriculture value added which dropped by 9.8% in the second quarter, following another drop of 8.3% in the first quarter, July figures released on Wednesday showed.

This poor performance is due to a decline in the production of the three main cereal crops by 39.3 year-on-year.

Non agriculture activities continued supporting overall economic growth with an increase of 4.7% versus 4.6% in the first quarter, it noted.