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Morocco GDP grows 4.5% in third quarter

Morocco GDP grows 4.5% in third quarter
Photo Credit: Arabianeye - Reuters

Mubasher: Morocco's economy grew 4.5 % year-on-year during the third quarter of 2015, up from 4.3 % in the previous quarter, thanks to higher agricultural output, according to the planning agency, or Haut-Commissariat Au Plan.

Cereal production jumped 64 %, helping to push up overall agricultural output by 16.6 % after a year-on-year 14.9 % rise in the second quarter, the agency said.

The planning agency earlier forecasted gross domestic product to rise by 4.7% during the last quarter of the year.