Casablanca - The Moroccan economy is expected to reach a growth rate of 2.5 percent in 2014 instead of 4.4 pc in the previous year, announced, Wednesday in Casablanca, high commissioner for planning, Ahmed Lahlimi Alami.
Casablanca – The Moroccan economy is expected to reach a growth rate of 2.5 percent in 2014 instead of 4.4 pc in the previous year, announced, Wednesday in Casablanca, high commissioner for planning, Ahmed Lahlimi Alami.
Economic growth is to reach 2.5 pc, creating about 52,000 job opportunities with which the national unemployment level should not move away from 10 pc in the first quarter, he said during a press conference on the economic situation in 2014 and the 2015 outlook.
The national economy was marked in 2014 by the decline of the agricultural added value and a slight recovery in non-agricultural activities (3.1 pc in 2014), supported by strengthening domestic demand and improving global demand towards Morocco.
Agricultural activity has endured unfavorable weather conditions during the 2013/2014 crop year, and the production of major cereal crops is estimated at 67 million quintals, down by 28 per cent compared to 2012/2013. The impact of this decline was, however, mitigated by the continued production of other crops (orchards and vegetable crops) and the improved livestock farming.
The national economic growth continues to be driven by domestic demand in 2014 with, however, a lower contribution in 2013, i.e. 3.6 pc against 4.8 pc in volume, said Lahlimi, noting that this should ease the pressure on domestic prices.
