Monday, 06 December 2021 02:35 GMT

Morocco cuts 2016 growth forecast to 2 percent

(MENAFN) Morocco has reduced its economic growth forecast for the recent year to less than 2 percent from 3 percent.

Moreover, the decline was due to cereal harvest sufferment from its worst drought in three decades.

On the other hand, agriculture accounted for 15 percent of the economy, which increased 4.4 percent in 2015.

In addition, the IMF liquidity line plans to offer reassurance to foreign lenders, investors and rating agenices allowing Morocco to tap global markets.

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