Morocco's economy to grow by 3.3 pct in 2018: central bank
Morocco's economic growth will decelerate to 3.3 percent in 2018, down from 4.1 percent in 2017, the Central Bank of Morocco said Tuesday.
The trend is expected to continue in 2019 as the GDP growth is projected to decline further to 3.1 percent, the bank said in a statement following the quarterly meeting of its Board of Directors.
Agricultural growth is expected to increase by 4.6 percent in 2018, down from 15.4 percent last year, the statement said.
The bank expects non-agricultural growth to slightly improve to 3.1 percent in 2018, up from 2.7 percent in 2017.
The inflation is expected to decrease to 2 percent in 2018, and 1 percent in 2019, it noted.
Meanwhile, the bank decided to keep the key rate unchanged at 2.25 percent.
