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Morocco's GDP growth falls to 2.1% in fourth quarter
Source: BI-ME , Author: BI-ME staff
Posted: Tue April 1, 2008 12:00 am
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MOROCCO. Morocco's GDP growth in the fourth quarter of 2007 fell to 2.1%, from 8.1% in the same period in 2006, the High Commissioner for Planning (HCP) said this week.

Poor weather conditions were largely to blame for a 19.4% year-on-year decline in crop production. A 6.0% increase in non-agricultural GDP growth was unable to offset the impact of the agricultural slump. Apart from the mining and energy sector, which fell by 1.8%, industrial output was up 4.7%, driven largely by growth in the construction and public works sectors, which expanded by 8.0%.

 

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