Monday 2 January 2012

Morocco GDP growth picks up in Q3 | Reuters

Morocco's economic growth reached 4.7 percent in the third quarter of 2011, up from the second but still below the full-year target after a slowdown as mining and tourism activity shrank, the country's planning authority said on Monday.

Agricultural output rose 4.1 percent rise after a flat third quarter of 2010, and non-agricultural GDP was up 4.9 percent instead.

Hotel and restaurant activity dropped 2.6 percent and mining fell 1.8 percent, the authority said.

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