Morocco's economy grows by 2 pct in Q2-Xinhua

Morocco's economy grows by 2 pct in Q2

Source: Xinhua| 2022-09-30 22:27:30|Editor: huaxia

RABAT, Sept. 30 (Xinhua) -- Morocco's economy grew by 2 percent in the second quarter of 2022, compared to 14.2 percent during the same period of 2021, according to the statistics released on Friday by the country's High Commission for Planning.

During the second quarter, non-agricultural activities increased by 4.2 percent, while the agricultural sector shrunk by 15.5 percent, added the report.

Morocco's central bank said on Tuesday that the inflation in the North African country will accelerate to 6.3 percent on average in 2022 compared to 1.4 percent in 2021.

Morocco's economic growth will slow down to 0.8 percent in 2022, compared with 7.9 percent in 2021, as a result of a 14.7-percent decline in the agricultural sector because of severe drought, it added.

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