Rabat, June 20, 2013 (MAP)
Morocco’s economic growth is projected to stand at 2.5 pc in 2014, based on assumptions relating to the budget policy, the agricultural activity and the international environment and the impact of tendency to stiffen financing conditions for sectoral activities, said the High Commission for Planning (HCP).
Non-agricultural activities are predicted to show a slight improvement in their growth pace, moving from 3.1 pc in 2013 to 3.6 pc, remaining, however, below the average of 4.6 pc recorded during the period 2010 – 2012, says HCP in a report on the macroeconomic situation in Morocco in 2013 and the exploration of the evolution in 2014.
The primary sector would make a value added down 3.8 pc compared to an estimated rise of 14.7 pc in 2013, says the HCP.
Moreover, the general price level would slightly increase by 1.7 pc after 1 pc estimated for 2013, the commission added.
Domestic demand is expected to increase by 2.8 in volume, against 5 per cent in 2013, and its contribution to growth would be 3.2 percentage points against 5.8 points in 2013.
