Morocco government sees GDP growth at 3 pct in 2016: budget draft - CNBC Africa

Morocco government sees GDP growth at 3 pct in 2016: budget draft

Western Africa

by Reuters 0

The Moroccan government sees the country's gross domestic product (GDP) growing by 3 percent in 2016. PHOTO: REUTERS/Youssef Boudlal

The Moroccan government sees the country's gross domestic product (GDP) growing by 3 percent in 2016, down from an estimated 5 percent in 2015, a government statement on the national budget draft said.

The budget deficit is expected at 3.5 percent of GDP down, from 4.3 percent in 2015, while inflation is seen at 1.7 percent, according to government estimates.

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