Moroccan economy grows 2.9% in third quarter

Rabat – Morocco’s GDP grew 2.9% in the third quarter of 2014 compared to 4.1% the same period a year earlier, Morocco’s statistics office, the High Commission for Planning (HCP) said on Wednesday.The same source noted a 3.7% increase in non-agricultural activities and a 1.6% shrink in agricultural activities during the same period.The added value of the primary sector dropped 1.3% compared to the 18.4% growth posted during the same period last year. The secondary sector expanded 4.7%, while the tertiary sector grew 3.2% against 2.1% during the same semester last year.The overall added value registered in economic activity rose 2.9% compared to 3.8% the same period in 2013.

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