Morocco sees 2012 GDP growth at around 5 pct

RABAT (Reuters) – Morocco said it expects its energy-importing economy to grow by between 4.7 and 5.2 percent in 2012, near forecasts for 2011, on the assumption of an oil price 33 percent above the basis for this year’s budget.

In remarks carried by the official MAP news agency, Finance and Economy Minister Salaheddine Mezouar put at 2 percent the inflation forecast for next year, up from 1.4 percent forecast for 2011.

The 2012 outlook is based on an average oil price of $100 per barrel versus $75 for the 2011 budget…read more

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