MOROCCO EXPECTS ECONOMY TO GROW BY 4%
Morocco's economy shall grow by 4% in the first quarter of 2011, almost the same performance recorded last year, Morocco's planning and statistics authority (HCP) has said recently.
''In the first quarter of 2011, the economic growth prospects remain favourable as a whole, despite a relatively less buoyant international environment compared to 2010, marked by a moderation of global activity and trade,'' said the HCP in its note on January's economic situation.
This performance is due to the growth of non-agricultural activities that would remain around 4.4% in the 1st quarter of 2011, driven by service sector's momentum.
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