After difficult year, Morocco predicts economic rebound in 2015

Morocco's planning commission is predicting an economic rebound in 2015 of 4.8 percent.

Ahmed Lahlimi Alami, the high planning commissioner, said on Tuesday that 2015 would be "a good year" with a lower budget deficit and higher growth based in part on improved agriculture and lower oil prices.

Growth in 2014 was an anemic 2.6 percent, in large part due to a poor agricultural year.

Morocco's Islamist-led government has pursued austerity programs since coming to power, freezing government hiring, cutting sensitive fuel subsidies and spending.

Aided by a dramatic drop in oil prices, the policies are beginning to bear fruit.

Morocco incurred a great deal of debt by dramatically raising salaries and increased government spending in 2011.