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WB Revises Morocco Growth
WB Revises Morocco Growth

WB Revises Morocco Growth

WB Revises Morocco Growth

After a poor performance in 2016, a strong rebound in agricultural production should boost Morocco’s economic growth in 2017, affirms the World Bank. In its latest report, the international financial institution revised the national growth rate to 4.1%, up 0.3 points from its June forecast, MoroccoNews reported. The WB explains in the October 2017 Economic Monitoring Report that this increase in growth is due to a 14.3% rebound in agricultural GDP, driven by an above-average cereal harvest, against, 11.3% in 2016, a year marked by a “severe drought.” The inflation rate is expected to reach 1% in 2017 and 1.6% in 2018.

 

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