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CASABLANCA: Morocco's planning agency on Tuesday revised down its economic growth forecasts for 2019, from 2.9pc to 2.7pc citing a dip in agricultural production.

The agency expected the Moroccan economy to grow 3.4pc in 2020, citing an improvement in foreign demand and a better harvest. Growth stood at 3pc in 2018.

"Morocco's economic growth remains vulnerable to rainfall and the performance of the agricultural sector," said Ayach Khellaf, secretary general of the planning agency (HCP).

Copyright Reuters, 2019

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