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Thursday 24 June 2021
HomeAfricaMorocco’s economic growth rate expected to drop this year

Morocco’s economic growth rate expected to drop this year

The Moroccan high commissioner for Planning says his country’s economic growth rate would drop from 5% last year to 2.4% this year because of poor harvests.

“The national growth would drop from 5% last year to 2.4% this year,” he said in a statement issued in Rabat.

The balance of foreign trade is also expected to continue recording huge deficits, from 10.7% of GDP in 2010 to 14.1% last year and 16.3% this year, he added.

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