Rabat - Morocco's trade deficit decreased by 5.8% in the 2nd quarter of 2014, year-on-year, says the High commission for planning (HCP).
Rabat – Morocco’s trade deficit decreased by 5.8% in the 2nd quarter of 2014, year-on-year, says the High commission for planning (HCP).
Meanwhile, the coverage rate of imports by exports improved by 5% to reach 53.9 % in this period, says the HCP noting that improved conditions in most advanced economies, during the second quarter of 2014, resulted from a 3.2 % recovery of world trade, after a slowing down during the first quarter due to a regression of Chinese and American imports.
In this context, world demand of Morocco’s exports grew by 3.5 % in this period, compared to the same period of 2013.
Meanwhile, inflation continues its downtrend started in summer 2013 to reach around 0.1%, compared to 0.4% in the first quarter of 2014.
The drop, expected to continue in the 3rd quarter, was ascribed to the continuing regression of telecoms tariffs and the 1.1% decrease in food prices, particularly fresh farming goods.
At the same time, prices of non-food products continued to rise with an annual 1.3%.
