Morocco's GDP growth to slow to 2.8 percent in 2018-officials

Jan 11, 2018

Morocco’s economic growth will slow to 2.8 percent this year, down from 4 percent in 2017, officials forecast on Wednesday, blaming a decline in agricultural production.

A woman shops in a photo illustration at vegetable market in Casablanca, Morocco, June 29, 2017. REUTERS/Youssef Boudlal/Illustration

A lack of rainfall will cause farming output to fall by 1.3 percent this year after a 13.6 percent gain last year due to better weather conditions, officials told reporters.

Annual inflation will rise to 1.5 percent in 2018 from 0.2 percent last year, the government said in a statement. The budget deficit would fall to 3.5 percent in 2018 from 4 percent last year.

Reporting by Zakia Abdennebi; Writing by Ulf Laessing; Editing by Peter Graff (Reuters)

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