Madagascar approves 2012 budget, cuts growth view to 2 pct

ANTANANARIVO (Reuters) - Madagascar's interim parliament approved the 2012 budget and cut the island's economic growth forecast to 2 percent from 2.8 percent, the finance ministry said in a statement.year 7.6 percent, according An initial forcecast in a draft budget submitted to the government was for 2.8 percent. The ministry did not say why the forecast had been cut. Growth for 2011 would be 0.7 percent and inflation for next to the statement released late on Friday. Madagascar has been mired in political uncertainty for most of the past three years. ...