January 14, 2020 / 9:27 AM / a month ago

Morocco growth to rise to 3.5% in 2020-planning agency

A man counts money at a vegetable market on the outskirts of Casablanca, Morocco, October 23, 2019. REUTERS/Youssef Boudlal/Illustration

RABAT (Reuters) - Morocco’s official planning agency forecast economic growth would rise to 3.5% in 2020 from 2.3% last year, though it noted the vulnerability of the key agricultural sector to variable rainfall.

It said on Tuesday its forecast was based on the assumption of an average crop yield, as well as a rise in exports and government measures to raise tax revenue and investment.

Reporting By Ahmed El Jechtimi, editing by Angus McDowall and Andrew Heavens

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