Morocco expects 3.8 pct GDP growth in 2020

Source: Xinhua | 2019-12-18

Morocco's central Bank said on Tuesday that the North African country's GDP would expand by 3.8 percent in 2020 and by 3.7 percent in 2021.

Morocco's GDP will stand at 2.6 percent in 2019, against 3 percent in 2018, the Central Bank said in a report following the last quarterly meeting of its Board for 2019.

Morocco's economic growth reached 3 percent in 2018, supported by robust agricultural production and tourism.

For 2019, growth would stand at 2.6 percent, with the value added declining by 4 percent for agricultural activities, and increasing by 3.3 percent for non-agricultural ones, the report added.