Morocco Upgrades Growth to 4.8%

Moroccan economic growth will reach 4.8% in 2017, said Minister of Economy and Finance Mohamed Boussaid, echoing the findings that the International Monetary Fund presented to the head of government on July 10, MWN reported. After an estimated 3.8% growth rate forecast by the high commission for planning during the first quarter of 2017, Boussaid has revised Morocco’s economic growth upward to 4.8% for 2017, during his mid-term presentation in front of the government. The minister reiterated the IMF’s conclusions, stating that national economic growth in 2017 managed to overcome 2016’s poor results, which were set at a 1.2% growth rate due to severe drought.