MEDI1TV Afrique : JT Economie - 23/10/2024
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00:00Hello and welcome to your Economic Crossroads on Midland.
00:12We start in Morocco where, according to the projections of the International Monetary Fund published on Tuesday, October 22,
00:18the Moroccan economy should record a 2.8% growth this year and 3.6% in 2025.
00:25In an update of these prospects of the global economy, the IMF predicts a 2.8% growth rate for the kingdom as of the current year and 3.6% in 2025.
00:36In the long term, the financial institution says it expects a 3.4% growth rate in 2029.
00:42In the same document, the IMF estimates an inflation rate of 1.7% in 2024,
00:47but that will increase to 2.3% the following year with a projection of 2% on the horizon in 2029.
00:53As for the unemployment rate, it should be at 13.4% this year before falling to 12.6% in 2025,
01:00according to these public forecasts on the occasion of the IMF's annual assemblies and the World Bank in Washington in the United States.
01:07Finally, the IMF anticipates for Morocco a current account balance at minus 2.0% in 2024, then at minus 2.3% the following year.
01:16In national economic news, on the part of public institutions and companies, the EEPs,
01:21whose fixed investment budget as part of the 2025 financial law project rises to 137.7 billion dirhams, i.e. 40.5% of the total.
01:31In detail, three EEPs account for more than half of the amount of investment planned.
01:36The OECD group, in particular, accounts for 45 billion dirhams.
01:39The UN is in second place with investments planned of the order of 13.788 billion dirhams, in addition to the AREFs, with 7.516 billion dirhams.
01:50As a reminder, the public institutions' portfolio is made up of 271 EEPs by the end of September 2024.
01:56A large part of it is the perimeter of the National Agency for Strategic Management, State Participation and Performance monitoring of public institutions and companies.
02:05By sector, it is the energy, mines and water activities that will mobilize most of this investment portfolio.
02:12It is followed by the social sector, health, education and training with 44.8 billion dirhams, infrastructure and transport with 19.7 billion dirhams, as well as agriculture and maritime fishing with 12.2 billion dirhams.
02:27Still in the kingdom, a rather positive week for banking liquidity.
02:31The deficit, as highlighted by BMCE Capital Global Research analysts in a slightly resorbed weekly flash.
02:38The need to buy banks has thus been reduced by 0.52% to less than 158 billion dirhams.
02:45This weekly resorption of liquidity insufficiency has led Banque le Mgrèbe to moderately reduce its interventions on the monetary market.
02:52Through the 7-day advances, we contract them with less than 5.4 billion dirhams.
02:57They are, at the end of the week, established at 58.2 billion dirhams.
03:01The reverse trend for the placement of the treasury, the maximum daily interest rate, it has gone from 19.1 to 27.5 billion dirhams in a week.
03:11As a result, the average fixed rate at the level of the directorial rate is 2.75%,
03:16while the Monetary Index of reference to the day-to-day, based on the transactions of pensions delivered,
03:22having as collateral the bonds of the treasury, has risen to 2.719%.
03:27This index should probably evolve over the week.
03:31Direction China, where the deflation has accelerated in November.
03:34The consumption index has fallen by 0.5% in November over a year, a threat to the Chinese economy as a whole.
03:41China's deflation has accelerated in November, as official data showed on Saturday,
03:46highlighting the difficulties that the second world economy is facing to resume demand.
03:51On Friday, President Xi Jinping had declared that the post-pandemic recovery of the Asian giant was still a critical stage
03:58and warned against unfavourable growth factors in the international political and economic environment.
04:04A decline in demand can then push companies to reduce their production, freeze their jobs or fire employees
04:11and decide on new price drops to flow their stock, slowing their profitability while the costs remain the same.
04:17And to finish, your economic capsule caps on the euro zone, where the annual inflation rate is down to 1.7%.
04:24Indeed, the annual inflation rate in the euro zone was 1.7% in September 2024, against 2.2% in August.
04:32A year earlier, it was 4.3%.
04:34The annual inflation rate in the European Union was 2.1% in September 2024, against 2.4% in August.
04:42A year earlier, it was 4.9%, figures published by Eurostat, the European Union's statistical office.
04:49The lowest annual rates were observed in Ireland with 0.0%, in Lithuania with 0.4%, in Slovenia and Italy with respectively 0.7% each.
05:00The highest annual rates were recorded in Romania with 4.8%, in Belgium with 4.3% and in Poland with 4.2%.
05:09Compared to August 2024, the annual inflation dropped by 20 member states and remained stable by 2 and increased by 5.
05:17This is the end of your Economic Rendezvous. Enjoy the rest of the programme on our antennas.