Rabat - Morocco's national economic growth is estimated to have reached 3.2% in the third quarter of 2024 (Q3-2024), compared to 2.9% in the previous quarter, due to increasing support from demand for manufacturing industries and accommodation services, according to the High Commission for Planning (HCP).This estimate considers a 5.1% decline in agricultural value added, the HCP specified in its second-quarter 2024 economic update and third-quarter 2024 outlook. It noted that non-agricultural activities would show an annual improvement of 3.9%.The third quarter will be marked by continued improvement in extractive industries, amidst a continuous drop in international prices of non-metallic minerals, HCP pointed out.Tertiary activities are expected to see a noticeable recovery, driven by the sectors of tourism, transport, and business services, the same source added.The national economic growth is expected to continue relying on the sustained dynamic of domestic demand, HCP said, highlighting that purc hasing power would support a 3.2% annual increase in household consumption.Source: Agence Marocaine De Presse
Related Articles
AEDC Reiterates Commitment to Customer Satisfaction
Minna: The Abuja Electricity Distribution Company (AEDC) has announced its ongoing transformation efforts aimed at revitalizing the company’s fortunes and enhancing customer satisfaction. Mr. Chijioke Okwuokenye, Managing Director/Chief Executive Officer of AEDC, shared this information during an event held in Minna. According to News Agency of Nigeria, Mr. Okwuokenye explained that the transformation strategy focuses […]
Eviction of Tenant Must Follow Due Process, Say Lagos Lawyers
Lagos: Some Lagos-based lawyers on Monday described as unlawful, the eviction of tenants by landlords without requisite notices. The lawyers told the News Agency of Nigeria (NAN) that ejecting a tenant for inability to pay rent must be executed by lawful processes. The lawyers were reacting to complaints by some Lagos residents who claimed that […]
Key stakeholders meet to deliberate on public infrastructure delivery
Key stakeholders from the government, CSOs and the private sector have undertaken a consultative meeting on how to improve the delivery of public infrastructure. The meeting held under the auspices of the Senior, Presidential Adviser and the National Secretariat of the Open Government Partnership (OGP) was used to identify key challenges in the delivery of […]