Morocco GDP growth slows to 2.8 percent in Q4
RABAT Jan 23 (Reuters) - Morocco's economic growth slowed to a real, seasonally adjusted 2.8 percent year-on-year in the last quarter of 2012, from 2.9 percent in the third quarter, the country's planning agency said.
The economy was hit by a 9.2 percent drop in agricultural production during the past quarter, as the country suffered a drought.
However, GDP growth is expected to pick up to about 4.5 percent in the first quarter of this year because of a budding pick-up in external demand and the start of a recovery in the agricultural sector, the agency said late on Tuesday.
Agricultural production is forecast to rise 5.9 percent in the first quarter as rainfall is improving.
- Pope attacks mega-salaries and wealth gap in peace message
- Air strike kills 15 civilians in Yemen by mistake: officials
- Probation for drunk Texas teen driver who killed four sparks backlash
- Atheists face death in 13 countries, global discrimination: study
- South Africa admits mistake over 'schizophrenic' Mandela signer |