Morocco’s 2015 Budget Based on 4.4% GDP Growth, Earmarks $6 Billion for Debt Servicing

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Morocco has a 2015 budget that takes into account a 4.4% GDP growth, up from a projected 4.2% this year. For many, the forecast growth is a bit too optimistic and may be misleading. Morocco planning council HCP for its part projects a more sluggish 2.5% GDP growth, but that takes into account a barrel of oil priced at an average of $103. So far, the HCP may have to revisit its figure a bit upward considering oil prices at $20 below that level. Continue here.