Gross domestic product (GDP) in volume in Morocco recorded a drop of 6% during the fourth quarter of the past year, instead of a 2.3% increase in Q4-2019, said the High Commission for Planning (HCP).
According to MAP news agency citing HCP, this contraction is the result in particular of the decline of 7.3% in the value added of the agricultural sector and of 5.5% in that of non-agricultural activities.
Pending the finalization of the provisional annual accounts next June, the year 2020, with this evolution of the national economy in the fourth quarter, should end with a recession of 7.1% of national economic growth, down 0.1 point compared to the forecast published by the HCP in January 2021, underlined the same source.
In Q4-2020, the value added of the primary sector in volume recorded a decrease of 6.8%, instead of a decrease of 5.2% achieved during the same period in 2019.
This result is attributable to the decline in agricultural activity of 7.3% instead of a drop of 5.6% a year earlier and to an increase in fishing activity of 0.3% instead of a decrease of 0.1%. For its part, the value added of the secondary sector, in volume, fell by 1.6% in Q4-2020, instead of an increase of 2.9% in the same quarter of the previous year.
With the exception of the extractive industry, which posted a positive growth of 8.9% instead of 3%, the other secondary branches posted negative growth.
