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Morocco banks on 4.5 pct economic growth in 2017

Xinhua, April 28, 2017 Adjust font size:

Morocco's new government is banking on a growth rate of the gross domestic product of 4.5 percent in 2017, following a 1.8 percent in 2016, Minister of Finance and Economy Mohamed Boussaid said on Thursday.

This evolution would be due to the amelioration of the agricultural value added by 11.9 percent and the non agricultural one by 3.5 percent in 2017, Boussaid said while presenting the draft budget bill before the parliament.

The bill should have been approved by parliament last year, but it was not put for vote due to the six-month-long political deadlock.

He also said that the industrial sector would grow by 3.9 percent in 2017, following a 3.5 percent growth in 2016.

Morocco's parliament voted on Wednesday in favor of the new cabinet and government program. Endit