(MENAFN- Morocco World News) Bank Al Maghrib (central bank) revised up, on Tuesday, growth forecasts from 1.2% to 1.4% for the year 2016, while agricultural value added is projected to contract by 9% and nonagricultural growth would reach 2.9%.
This came in a statement by the Bank, issued following its board's third quarterly meeting for 2016. In 2017, the nonagricultural growth is expected to accelerate to 3.2% and agricultural added value would rebound by 10%, assuming a normal crop year, thus leading to an overall growth of 4%, said the same source. data-ad-client="ca-pub-9546318280945074" data-ad-slot="9241175969"> jQuery.ajax({ url: "http://www.moroccoworldnews.com/", data: { top_ten_id: 197425, top_ten_blog_id: 1, activate_counter: 11, top10_rnd: (new Date()).getTime() + "-" + Math.floor(Math.random() * 100000) } });