Morocco’s Economic Growth Slows to 2.1% in Q3 2019, HCP Reports

In an information note on the national economic situation, the HCP indicates that the closing of national accounts shows economic growth of 2.1% in Q3-2019, instead of 3% during the same quarter of the previous year.

According to the same source, non-agricultural activities showed an increase of 3% while those in the agricultural sector experienced a decline of 5.3%.

This slight slowdown can be justified by the fall in economic growth in the first and second quarters of 2019, estimated respectively at 2.5% and 2.2% instead of 2.8% and 2.5% due to the decline in agricultural activities of these two quarters set at 5.5% and 5.4%, supports the same source.