Morocco: GDP growth expected at 4.5 per cent in first quarter

The Moroccan economy is expected to grow at 4.5 per cent in the first quarter of this year, after the economy slowed to 2.8 per cent towards the end of 2012.

Economic growth [in Morocco] [2] is expected to reach 4.5pc in the first quarter of 2013, under the condition of a good farming season and the continuation of non-agricultural activities' dynamism, says the High commission for planning (HCP).

The 4.5pc growth rate, in progression of 2.8 pc in comparison with the last quarter of 2012, is ascribed to a good performance of agricultural activities which had regressed by 8.1pc last year. [3]

The Moroccan economy is expected to grow by 4.5 per cent in the first quater of 2013, due to increased agricultural activity