MEDI1TV Afrique : JT Economie - 20/09/2024
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00:00Hello and welcome to this new edition of your Economy News on Media.
00:13At the height of economic news this Friday, the World Bank plans to use guarantees to
00:19attract more international financing in Morocco.
00:23According to Hiroshi Matano, Vice-President Executive of the Multilateral Agency for
00:28Guarantees of Investments, these guarantees would allow Moroccan companies and establishments
00:33to diversify their sources of financing by accessing private capital.
00:38These guarantees aim to accompany the energy transition towards Morocco, to modernize
00:43transport infrastructures and improve human capital.
00:47As a reminder, the Multilateral Agency for Guarantees of Investments has already issued
00:51nearly 810 million euros of guarantees to support key projects such as the
00:58Mohamed VI Polytechnique and plans to support other projects such as the extension of the
01:04port complex of Tangier-Médan.
01:06In the rest of Morocco, cement deliveries reach more than 8.73 million tons at the end
01:13of August, up 7.24% compared to the same period a year earlier.
01:20According to the Professional Association of Cementers, for the only month of August,
01:24these sales recorded 1.26 million tons, against 1.15 million for the same period
01:31of the previous year, an increase of 9.69%.
01:35According to the same source, by segment, deliveries intended for distribution are located
01:41at 5.05 million tons at the end of August, followed by those addressed to concrete ready
01:47for use with 1.92 million tons.
01:51In international economic news, the Bank of England has maintained its interest rates
01:56at 5% at a time when inflation remains slightly above the 2% target.
02:03According to the central bank governor, the slowdown of inflationary pressure means
02:08that the bank should be able to gradually reduce interest rates over
02:13the next few months.
02:14This decision, in line with market expectations, intervenes when the inflation rate has
02:18gradually decreased over the last few years, to reach 2.2% in August, far from the records
02:25recorded at the peak of the crisis of the cost of living in 2022.
02:29According to the figures of the National Office of Statistics, inflation of services, the
02:34key measure of the central bank for pressures on internal prices, has increased
02:39to 5.6%, slightly above the expectations of economists of 5.5% and up compared to
02:475.2% in July.
02:50Not far from the United Kingdom, in Europe, the automotive market has dropped sharply in August,
02:56driven in particular by the morbidity of the German, French and Italian markets.
03:00According to the Association of Manufacturers, since the beginning of the year in progress, sales have
03:05however seen a slight increase, with 1.4%, especially thanks to the Italian and Spanish markets,
03:11with a total of nearly 7.2 million registrations.
03:16Electric car sales have recorded their fourth month of fall in August, with less than 43.9%,
03:23passing under the 100,000 vehicles bar for 14.4% of the market.
03:29After several years of strong progress, electric car sales have triggered
03:34the reverse, notably with the drop in purchase bonuses in some countries, but also
03:39in the wait for more severe standards of CO2 emissions, which should lead to more affordable
03:45concessions.
03:46Registrations have in particular fallen in August in Germany, France, Spain, Italy
03:52or Sweden, but continue to grow in Belgium and Denmark.
03:56The leader in the Tesla sector has seen its sales fall by 43.2% over a year and 14.9%
04:05since the beginning of the year in progress.
04:07In international economic news, it is also a first.
04:11Since 2020, the US Central Bank has decreased its half-point rates, a move
04:17supposed to give back the purchasing power to American households stuck between strong
04:21inflation and high credit costs.
04:24With this drop, the Fed's rates are now in a 4.75% to 5% fork.
04:31As inflation gradually enters the ranks, the Fed wants to prevent unemployment from
04:37rising in turn.
04:38New cuts are to be expected of an additional half-point in total by the end of 2024.
04:44The institution's presidency indicated that this was the beginning of a process of
04:49monetary policy change.
04:51The Fed's managers have also shown more optimistic than ever since the latest
04:57economic forecast update.
04:59As for the trajectory of inflation, it now sees 2025 ending at 2.1% against 2.3%.
05:07This is the end of our edition today, excellent continuation of the programs.