MEDI1TV Afrique : JT Economie - 30/10/2024
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00:00Hello and welcome, it's time for your Economic News.
00:12We start our edition today with this figure of 3.8%, which represents the economic growth rate of Morocco next year, according to forecasts from the Moroccan Conjuncture Center.
00:25This estimate is based on a progressive recovery of climate conditions and a stabilization of the international environment. However, it remains below the objectives included in the Finance Law Project, which projects a growth rate of 4.6%.
00:42The Moroccan Conjuncture Center emphasizes that this estimate takes into account global economic uncertainties and internal challenges. The 2025 budget also plans to strengthen revenues with a forecast of 368.8 billion dirhams and expenses reaching 321 billion dirhams.
01:03In addition to national economic news, France and Morocco concluded during the visit of Emmanuel Macron to Rabat for investment contracts and agreements, of which the total amount reached up to 10 billion euros, or more than 100 billion dirhams.
01:19According to the French Presidency, Rabat and Paris, which relaunch their cooperation in a new dynamic, concluded 22 agreements on Monday evening during a ceremony chaired by His Majesty King Mohammed VI and French President Emmanuel Macron.
01:34These agreements include the French groups Alstom and Aegis participating in the realization of the second section of the high-speed train line linking Tangier to Marrakech.
01:46In Morocco, the sales of cement, the main barometer of construction activity, increased by 6.9% during the first nine months of 2024, according to the Direction des Etudes et des Prévisions Financières.
02:01This evolution is attributable in particular to the strengthening of deliveries in the segments of concrete ready for the use of infrastructure and distribution.
02:10Concerning the financing of real estate operations, the loans to real estate reached 306.7 billion dirhams at the end of August, an increase of 1.6% after an increase of 1.7% a year earlier.
02:26The loan to real estate increased from 1.5% to 245.9 billion dirhams. As for the loan to real estate promotion, its growth rate continues to accelerate to 5.6% at the end of August.
02:45In international economic news, the prices of basic goods should fall in 2025, then lower for five years in favor of an overabundance of oil.
02:57In its latest report on the world markets of raw materials, the World Bank plans next year an offer of 1.2 million barrels of oil per day on average compared to demand.
03:11The situation is due to the stagnation of demand for oil in China and to the increase in the production of non-member countries of the Organization of Oil Exporting Countries and OPEC+.
03:23According to the forecasts of the financial institution between 2024 and 2026, the global prices of basic goods and food should respectively fall by 10% and 9%, then 4% more in 2025 before stabilizing.
03:40These prices will remain, however, higher than nearly 25% at their average level over the period 2015-2019. As for energy prices, the World Bank expects a drop of 6% next year, then another 2% the following year.
03:58In international economic news, the Italian government also plans to reduce the support funds of the automotive industry by around 4.6 billion euros between 2025 and 2030.
04:11This decision comes in the context of a global slowdown in the sales of electric vehicles, partly due to divergent policies in terms of environmental incentives.
04:22The automotive sector is the main manufacturing sector in Italy. It employs more than 270,000 direct employees and makes a turnover of more than 100 billion euros.
04:33It is the only one to undergo a radical transformation in the space of a few years only deplores the National Association of Automotive Manufacturers.
04:42These budget cuts come in the midst of a controversy between the government and the manufacturer Stellantis, of which President-General Carlos Tavares has repeatedly claimed more subsidies to restart the sales of electric vehicles.