MEDI1TV Afrique : JT Economie - 20/06/2024
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00:00Hello everyone and welcome to this new edition of the Economic Diary.
00:10In Morocco, in order to compensate for the decline in its harvest of nearly 40% compared
00:16to the previous year, Moroccan wheat imports should increase in 2024 from 19% to 7.5 million
00:24tons.
00:25This is a figure revealed by the Organization for Food and Agriculture which indicates
00:29that this approach will place the kingdom in the 6th world rank of wheat importers.
00:35In a report published on the perspectives of food in the world, this bone of
00:40Moroccan supplies would constitute the essence of the increase in the demand for
00:45imports from Africa, which should progress by 2.2% to reach a record of 55.6 million
00:53tons.
00:54In Moroccan production, wheat should fall by nearly 40% compared to last year to reach
00:59a level lower than the average of 2.5 million tons, noting that world wheat production
01:06should stagnate in 2024 compared to the level of the previous campaign to reach 787 million
01:13tons.
01:14In international economic news, a total of more than 1.2 billion euros of public money
01:21has been spent in an abusive way within the European Union last year, according to
01:26a report from the European Office for Anti-Fraud Struggle.
01:29A total of 265 cases were closed last year and 190 investigations have been opened in
01:36the countries of the European Union, on the subject of allegations of collusion, manipulation
01:42of public markets and inflated invoices.
01:44The independent body that investigates on frauds in the European budget said it has
01:49found an increase in the number of frauds and irregularities in the digital world.
01:55According to the same report, some 209 million euros could have been detected before it was
02:00indumently spent.
02:02In Europe alone, Spain has welcomed 38.7 million passengers in the first five months
02:09of 2024.
02:10This is 13.6% more than in 2023.
02:15Of these, almost 10.055.9 million came from the European Union, an increase of 13.4%,
02:24while the flow from the rest of the world, which represented 44.1%, has experienced a
02:30significant advance of 12.5%.
02:33Tour España, the Tourism Institute of Spain, puts forward the good performance of distant
02:39markets such as Canada, China and Chile, with increases of more than 35%
02:45in May.
02:46In first place is the United Kingdom, with 2.4 million international passengers, which
02:53generated 23.7% of the total flow of arrivals in Spain in May, recording an increase of
03:009.1% in annual traffic.
03:02Note that the Balearic Islands were the largest destination of arrivals, with 25.2% of the
03:10total number of British-origin passengers.
03:13Direction now the United Kingdom, where inflation has slowed to 2% over a year in May, for the
03:19first time in nearly three years, thus meeting the objective of the Bank of England.
03:25The slowdown in food prices is the main factor in calming inflation,
03:30the National Office for Statistics has specified.
03:33Note that the inflation of services has fallen to 5.7% in May, against 5.9% previously,
03:40thus remaining higher than the 5.5% forecast by analysts.
03:45In April, prices rose to 2.3%, and had accelerated to 11% at the end of 2022, generating a strong
03:53crisis in purchasing power in the country.
03:56The Bank of England no longer expected its 2% inflation target since July 2021.
04:04We continue our newspaper in the United States.
04:06The budget deficit should reach $ 1,900 billion this year.
04:12This is an increase compared to a previous estimate of $ 1,600 billion made by the
04:19Congress Budget Office.
04:21This increase is the result, in particular, of the student loans programs of President
04:26Joe Biden and aid abroad.
04:28Student loan programs will cost about $ 145 billion during the fiscal year in progress.
04:35Aid abroad programs recently adopted, including $ 95 billion aid approved by the Congress
04:42in April for Ukraine and Israel, will also inflate the budget deficit.
04:48The Congress Budget Office has also revised its long-term deficit forecast.
04:53We emphasize that the budget deficit will reach $ 24,000 billion over the next decade.
05:00This represents an increase of $ 2,100 billion compared to its estimate made at the beginning
05:06of this year.