Morocco’s Central Bank expects a growth between 4.5% and 5.5 in 2011

PERSISMA, Rabat – Bank Al Maghrib (Morocco’s Central Bank) expected that the growth rate and that of non-agricultural GDP to reach between 4.5% and 5.5% in 2011.

At the national level, and despite the slowdown in global economic activity, the favorable orientation of domestic demand continued, the Central Bank said in a statement issued, on Tuesday, after its quarterly meeting.

Inflation is expected to be about 2% at the fourth quarter of 2012, it added.

Source: MAP