RABAT- Morocco's planning agency revised downwards on Tuesday its growth forecast for the second quarter to -6.8% year-on-year instead of an earlier estimate of -1.8% as the coronavirus lockdown hit both foreign and domestic demand.

First-quarter growth stood at 0.7% compared with a previous projection of 1.1%, the agency said in a statement, citing a drop in cereals output.

The coronavirus will cost the Moroccan economy $3 billion in the first half, it said.

(Reporting by Ahmed Eljechtimi; Editing by Catherine Evans) ((ahmed.eljechtimi@thomsonreuters.com;))