Moroccan economy grew by 4.6% in 2017 compared to 1.2% in 2016 on the backdrop of an improvement of the indicators of the agricultural sector. Abundant rainfall boosted the agricultural value added to 15.4% in the first three quarters of 2017 compared to -12.5% the same period in 2016, Economy and Finance Minister Mohamed Boussaid told the press. Inflation rate slowed to 0.7% in 2017 against 1.6% in the previous year because of the stable food prices, he noted. Unemployment rose slightly from 10.4% to 10.6% over the same period with some 89.000 jobs created between the third quarter in 2016 and in 2017, he added. Remittances of Moroccan expatriates grew by 4.5% between 2016 and 2017, he said.

Source: The North Africa Journal January 28, 2018 13:18 UTC