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Medi1TV Afrique
  • 03/10/2024
MEDI1TV Afrique : JT Economie - 02/10/2024

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News
Transcription
00:00Hello and welcome, it's time for your Economic News.
00:12At the end of our edition today, Banca Almarrib decided to keep the director's rate unchanged
00:18during the third quarterly meeting of the year.
00:21The Central Bank Council has judged it appropriate to maintain the current orientation of monetary policy.
00:27It has thus decided to keep the director's rate unchanged at 2.75%.
00:33Inflation has evolved at moderate levels since the beginning of the year,
00:37mainly reflecting the drop in food prices at volatile prices
00:41and the slowdown of its underlying component.
00:44The latter, after having stabilized at 5.6% the previous year,
00:48is oscillating around 2%
00:50and will remain, according to Banca Almarrib projections,
00:53close to this rate over the next eight semesters.
00:56In the wake of the meeting of the Central Bank Council,
00:59the Moroccan economy should record this year a 2.8% growth rate,
01:05falling after an increase of 3.4% the previous year.
01:09After this expected slowdown, growth should rebound to 4.4% next year.
01:15This forecast covers a 6.9% contraction of the added agricultural value this year,
01:22then an increase of 8.6% next year,
01:26under the assumption of an average serial production of 55 million cantu.
01:32Driven mainly by manufacturing and extractive industries,
01:36as well as activities related to tourism,
01:39non-agricultural growth should continue to improve,
01:42going from 3.6% the previous year to 3.9% in 2024 and 2025.
01:50Still with the data of Banca Almarrib,
01:52the Central Bank anticipates a significant drop in inflation
01:56from 6.1% the previous year to 1.3% this year,
02:01before slightly rising to 2.5% in 2025.
02:05This forecast includes changes related to subsidies on basic products
02:09and the expected stability of volatile food prices.
02:12The bank notes a moderation of inflation since early 2024
02:17due to a drop in food prices and a slowdown in underlying inflation,
02:21which should remain close to 2% in the coming quarters.
02:25This forecast includes changes related to subsidies on basic products
02:30and the expected stability of volatile food prices.
02:33The bank notes a moderation of inflation since early 2024
02:38due to a drop in food prices and a slowdown in underlying inflation,
02:43which should remain close to 2% in the coming quarters.
02:48Before closing the page,
02:50know that Almada, one of the largest private investment funds in Africa,
02:55continues its international development.
02:57Its subsidiary, Terralis, has just strengthened itself in the agro-industry sector
03:02with a second major operation through the acquisition of the Italian Nutcao.
03:07A protocol of agreement has been signed in this direction
03:09and the transaction will be finalized after obtaining administrative authorizations.
03:14Founded in 1982, Nutcao specializes in the production and distribution
03:19of cocoa, hazelnuts and pistachios-based products.
03:23The group, one of the European leaders in the transformation of cocoa and plant proteins,
03:28owns production units in Italy but also in Belgium and the United States.
03:33In international economic news,
03:35after more than two and a half years of war,
03:38Ukraine plans to spend more than 60% of its 2025 budget
03:43on defense and security, according to the bill presented by the government.
03:48According to the Ministry of Finance,
03:50the total resources for national security and defense in 2025
03:54will rise to 48.3 billion euros.
03:57This amount represents about 26% of the national GDP,
04:01according to the Ukrainian Ministry,
04:03and a slight increase of 2% compared to the revised budget for 2024.
04:08To cover its budget, the Ukrainian government has indicated
04:11that it plans to almost double the revenues from the income tax of individuals.
04:16Ukraine has also indicated that it will need 34.5 billion euros of external funding next year
04:23from its Western allies and international organizations to run its economy.
04:30In the wake of international economic news,
04:32also in the hope of reinvigorating an activity worthwhile,
04:36the Chinese Central Bank announced support measures for consumption
04:40and real estate unprecedented since the release of COVID-19.
04:44Chinese authorities aim at a GDP growth of about 5% in 2024,
04:50an objective considered very optimistic by many economists due to current difficulties.
04:56Beijing will reduce the mandatory reserve rate of banks as well as its directorial rates.
05:01According to the central bank governor,
05:03China will also lower interest rates on mortgage loans existing in real estate,
05:08a measure that should benefit 50 million households and 150 million people.
05:15Chinese stocks reacted positively to these measures.
05:19Hong Kong climbed 4.13%, Shanghai 4.15% and Shenzhen 3.95%.
05:27This is the end of our edition today.
05:29Good luck with the programs.