Arab Today, arab today morocco\s economic growth slowed in 2012
Last Updated : GMT 15:59:42
Arab Today, arab today
Arab Today, arab today

Central bank blames Eurozone crisis in report

Morocco\'s economic growth slowed in 2012

Arab Today, arab today

Arab Today, arab today Morocco\'s economic growth slowed in 2012

Morocco's central bank in Rabat
Casablanca - Youssef Abdel Latif

Morocco\'s central bank in Rabat Morocco\'s economic growth slowed to 2.7 percent in 2012, down from 5 percent in 2011, primarily due to the Eurozone banking crisis, the county\'s central bank has concluded. In its 2012 financial report presented to King Mohammed VI on Wednesday, Bank al-Maghrib also blamed disadvantageous climate conditions in Morocco for the slump.
Several sectors showed a dip in performance, with growth in the primary sector down by 7.2 percent, after an increase of 5.1 percent a year earlier. There as also an 8.9 percent decrease in agricultural production, despite a 13.7 percent increase in fisheries\' value.
In the secondary sector, the growth rate decelerated to 1.4 percent, instead of 4 percent caused by the fall of 2.4 percent in the mining activities and the slow-down of the industry, except for oil refining and the building and civil engineering. With a rate of 2.1 percent, the latter posted its lowest performance since 2002, which resulted in 21,000 job losses.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today morocco\s economic growth slowed in 2012 Arab Today, arab today morocco\s economic growth slowed in 2012

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today morocco\s economic growth slowed in 2012 Arab Today, arab today morocco\s economic growth slowed in 2012

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today Sally Shaheen considers hosting a political show
View News in Arabic - Business: أخبار الأعمال
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday