Morocco expects economy to grow by 4.5 percent in 2017

Morocco expects economy to grow by 4.5 percent in 2017
Morocco expects economy to grow by 4.5 percent in 2017
According to a government source, the Moroccan government expects the country’s gross domestic product to grow 4.5 percent in 2017.
A budget deficit of 3 percent of GDP is anticipated, compared with 3.5 percent in 2016, reported Reuters.
Morocco’s drought reduced its cereal harvest to 3.35 million tonnes.
Agriculture makes up about 15 percent of Morocco’s economy and accounts for nearly 35 percent of its workforce.
Morocco has made remarkable changes to cut deficits, compared with other North African countries.