Net improvement in growth in the first half of 2015 … thanks to agriculture

Date:

October 29, 2015

Decidedly, the Moroccan economy is still dependent on agriculture and therefore rainfall.
This finding was confirmed in the order of the national accounts for the second quarter of this year.
Published by the HCP, it reported a significant increase in the rate of growth of the national economy, which reached 4.3% against 2.6% during the same period in 2014! “This performance follows the strong improvement of agricultural activity and moderate growth of non-agricultural activities,” said HCP.
The Department of Ahmed Lahlimi further found that the value added of the primary sector in volume terms, seasonally adjusted, grew by 14% in the second quarter of the current year.
During the same period last year, this valuehad decreased by 3.8%.
According to HCP, “this evolution is explained by the increased activity of agriculture 14.9% instead of a decline of 3.6% and the increase of that of fishing 2.8% against a decline of 7.2%. “