MEDI1TV Afrique : JT Economie - 24/09/2024
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00:00Hello and welcome to this new edition of your Economic News Journal.
00:13In Morocco, the monetary market is showing an apparent imbalance in anticipation of the third meeting of the Bank Al-Marrib monetary policy, which is held today.
00:23According to Tijari Global Research, this meeting is being scrutinized by investors in a context of refusal of inflationary pressures.
00:31Indeed, the consumption price index has evolved from 1.7% in August, a level lower than the objective of stabilizing prices at 2%.
00:40Thus, during the week shortened by the holidays linked to Eid al-Mawlid, the Central Bank has reduced its global intervention on the monetary market to 148.1 billion dirhams.
00:53As for the 7-day progress of Bank Al-Marrib's main monetary policy instrument, they have reached a volume of 64.5 billion dirhams,
01:03against 67.8 billion dirhams a week earlier, i.e. a drop of 3.3 billion dirhams.
01:10In national economic news, the volume of nights spent in tourist accommodation establishments has reached more than 15.35 million during the first seven months of the year,
01:23marking an increase of 8% in annual travel. This is reflected in the data released by the Tourism Observatory.
01:30According to the distribution, national tourism has achieved 4.4 million nights, a drop of 4.4% in annual travel, while international tourism has recorded 10.9 million, an increase of 13%.
01:45During this period, destinations in Ghadir, al-Hawz, Marrakech, Casablanca and Asawira, Rabat, have recorded positive results, while Tangier and Fez have shown drops compared to late July 2023.
01:59Internationally, private sector activity has contracted in September in the eurozone for the first time in seven months, marked by the end of the Olympic Games in France.
02:10According to the PIMI-FLASH index published by S&P Global, the index calculated on the basis of business surveys fell to 48.9.
02:19After August 51, it is below the 50 mark, which is synonymous with a decline in activity.
02:25The latter has fallen in September in the two main economies of the zone, namely France and Germany.
02:32For the 20 countries sharing the unique currency, the decline in the index is the strongest in 15 months.
02:38Direction now to Spain. The government will increase its growth forecast to 2.7% for 2024, against the 2.4% expected so far, thanks to the good results recorded by the Iberian economy in recent months.
02:54According to the Minister of Economy, this increase is the second in less than three months, the government having already raised its forecast from 2% to 2.4% in early July.
03:05This new revision was widely expected in view of Spain's economic dynamism, which has benefited from the resumption of tourism after the Covid-19 pandemic and defends the European Next Generation recovery plan.
03:21According to the patron organization Excel Tour, Spain should welcome 90 million foreign tourists this year, against 85.1 million last year.
03:32The revenues generated by tourism should exceed the 200 billion euro bar for the first time.
03:39Still in the euro zone, Italy's public deficits in 2023 and 2022 were seen to decline, while remaining very high due to new calculation methods.
03:51According to the National Institute for Statistics, the deficit recorded in 2023 was brought back to 7.2% of GDP, against 7.4% estimated in April.
04:03In 2022, the deficit was reduced to 8.1%, against 8.6% before. This year, Rome intends to reduce the deficit to 4.3% of GDP.
04:14Other good news for the government, the public debt ratio has been lowered for 2023, from 137.3% to 134.6% of GDP.
04:25However, this rate remains the highest in the European Union, behind Greece.
04:30Economic growth in Italy has also been reviewed by the National Institute for Statistics.
04:35In 2023, it decreased to 0.7%, against 0.9% estimated before.
04:41Conversely, for 2022 and 2021, growth was adjusted in increase, respectively 4.7% and 8.9%.
04:50These announcements are part of a series of revisions of growth rates, including Italy's debt for the years 1995 to 2023.
04:59At the end of our edition today, excellent suite of programs on our antenna.