The High Commission for Planning of Morocco expected the Moroccan economy to grow by 3.3 percent in the first quarter of 2020, compared to 2.5 percent in the first quarter of 2019.
The Planning Commission attributed this improvement to the anticipation of growth in the agricultural activities sector by 6.8 percent, and the growth of non-agricultural activities by 2.8 percent, during the first three months of the new year. The delegate expected that the national economy will achieve development during the first quarter of 2020 in light of the international conditions characterized by a slight improvement compared to the previous quarter, in parallel with the decline in fears of a global economic crisis, and the decrease in trade pressures between China and the United States, indicating that global trade exchanges will witness a slight recovery, while the world economy will continue to grow at a rate lower than its average trend.
According to the Planning Commission, the world economy will remain subject to inflationary pressures associated with the development of oil prices in international markets and expected in the range of $60 a barrel, where the inflation rate will be close to 2 percent, at the global level.
Source (Al-Sharq Al-Awsat newspaper, Edited)
