النشرة الاقتصادية - 21/03/2025

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3/22/2025

مدي 1 تي في : النشرة الاقتصادية - 21/03/2025

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00:00Welcome to Economic News.

00:12The head of the world-leading Chinese Sunrise Group in fabric manufacturing, Li Shoub Ribat,

00:18confirmed yesterday that Morocco is one of the most dynamic promising economies in the African continent.

00:24The head of the world-leading Chinese Sunrise Group in fabric manufacturing, Li Shoub Ribat,

00:32confirmed yesterday that Morocco is one of the most dynamic promising economies in the African continent.

00:38He said that the Group will be one of the most dynamic promising economies in the African continent.

00:44He added that the Group will be one of the most dynamic promising economies in the African continent.

00:52The United Nations has formed another important partner in the Kingdom's investment decision.

00:58In response to this project, two industries will be created in the Fes and Sghirat,

01:04which will contribute to the creation of a comprehensive supply chain and the establishment of 7000 direct jobs

01:10and more than 1,500 indirect jobs, in addition to the strengthening of Morocco's role in the global value chain.

01:16The Minister of Foreign Affairs of the Republic of Morocco, Moustapha Beytas, said in a statement

01:26that the average rainfall in Morocco from the beginning of September 2024 to March 19,

01:362025 reached 113.9 mm.

01:40Moustapha Beytas said at the end of a government council meeting that these rainfalls represent

01:46an interest of 88.1% compared to that recorded in the past year, which reached 60 mm,

01:54but it represents a failure of 18.3% compared to the annual rate.

02:00He clarified that since February 22, the Kingdom has known heavy rainfall,

02:06and the amount of rainfall recorded in the natural rate during the same period of the past year

02:10exceeded 130%, which greatly contributed to reducing the water shortage.

02:16He added that this fell on the hopes of farmers, as it will reduce the rainfall

02:22that farmers bear and the cost of energy, and will contribute to reducing the costs of

02:26livestock farming related to cattle.

02:30The Executive Board of the International Bank of Morocco agreed to fund a $600 million

02:38program to support human capital in order for Morocco to be able to sustain itself.

02:48According to the International Bank, the new funding aims to strengthen Morocco's ability

02:52to sustain itself in the face of health risks and improve human capital in the childhood

02:58and old age.

03:02Morocco received a first loan from the program in June 2022 worth $500 million,

03:10and a second loan in December 2023 worth the same amount.

03:14The Bank noted that the initiative supports national reforms in Morocco to expand the

03:18health insurance sector, which is mandatory and free, to the most needy groups,

03:24and to improve health care services and implement a program for direct social assistance,

03:28and to expand the system to cover stable living wages and improve the protection

03:34from climate shocks.

03:40European Central Bank President Christine Lagarde confirmed yesterday that the economy

03:44of the European region will be severely affected if a comprehensive trade war breaks out

03:50with the United States, which could lead to an increase in inflation.

03:54She pointed out that the solution does not consist in strengthening trade or commercial

03:58integration, nor in shortening it.

04:00The United States has indeed imposed tariffs on hard and aluminum products from all over

04:06the world, and has announced that it will review its trade relations with the European Union.

04:10This prompted the Union to take retaliatory measures, which it has decided to implement

04:16in April.

04:18She said that if the United States imposes tariffs on products from Europe, it will

04:24reduce the growth of the Eurozone by 0.3% in the first year, while it is possible that

04:30retaliatory measures will increase this growth by 0.5% in the future.

04:38The Economic Cooperation and Development Organization said that the government and

04:44the relevant agencies around the world have exceeded $100 trillion last year with the

04:50increase in interest rates, which makes borrowers face difficult choices and need to give

04:56priority to productive investments, while the central banks are lowering interest rates

05:02now.

05:04The cost of borrowing is still much higher than it was before the increase in interest

05:08rates in 2022.

05:10However, the exchange of low-interest loans is likely to increase interest rates in the

05:14future.

05:16Therefore, at a time when governments are facing large spending gaps, the German parliament

05:22agreed this week on a large-scale plan to strengthen infrastructure and support the benefit

05:26of Europe-wide defense spending.

05:28It highlights the long-term costs, from the green transition to housing shortages for

05:34large economies.

05:40In England, interest rates at 4.5% are a warning from the assumptions related to their

05:46lowering in past summits, in light of a lack of certainty that affects both the British

05:52and international economies.

05:54In view of the rise in global trade tensions that have affected the United Kingdom, the

05:58Monetary Policy Committee voted with a majority of eight votes in favor of one vote to keep

06:02interest rates unchanged, while the only foreign member, Swati Dhingra, voted in favor of

06:08lowering interest rates by 0.25%, according to Reuters.

06:12In his speech, Governor Andrew Bailey said that there is a lot of economic uncertainty

06:18at the moment, indicating that the Bank of England still sees that interest rates will

06:24gradually decline, but it will continue to monitor the development of local and global

06:28economies in all its summits, which are held every six weeks, to determine the monetary

06:34policy.

06:37We have reached the end of this segment.

06:39Thank you for watching and goodbye.

النشرة الاقتصادية - 21/03/2025

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