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Tuesday, 31 March 2020

Morocco govt aims for 5.5 pct annual GDP growth

Prime minister outlines economic programme for the next four years in front of newly-elected parliament

Reuters, Thursday 19 Jan 2012
Morocco PM
Morocco's Prime Minister Abdelilah Benkirane speaks at the first meeting of the government in Rabat (Photo: Reuters)
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Morocco's new government aims to raise economic growth to an average 5.5 per cent per year over its 2012-2016 mandate period, Prime Minister Abdelilah Benkirane said on Thursday.

Outlining his government's programme before parliament, Benkirane also said he targets an annual inflation rate of 2 per cent until end-2016.
 
GDP growth stood at 4.5 per cent in 2010 and is expected to stand at between 4 and 5 per cent in 2011.
 
Benkirane is from Justice and Development (PJD), the moderate Islamist party that won a November election which the Arab world's longest-serving monarchy had brought forward by almost a year to pre-empt a popular revolt like those that have ended the rule of four Arab leaders.
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