MEDI1TV Afrique : JT Economie - 10/10/2024
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00:00Hello and welcome to the Média1 economic news. We start our edition of this Thursday
00:15in Morocco with the estimates of Tijari Global Research. The gross financial need for the
00:21Treasury by the end of 2024 should reach 41 billion dirhams. This financial need is calculated
00:29by taking into account the relief of financing of the budgetary deficit, as well as the arrivals
00:35of the Treasury estimated by the 2024 financial law at 21.7 billion dirhams. Under the hypothesis
00:42of a realization of 80% of the external funding provided by the 2024 financial law at 56 billion
00:50dirhams against 70 billion dirhams provided, the state's cash flow should cover 33.3 billion
00:58dirhams of its gross financial need on the foreign market. Note that the rate of
01:04realization of foreign withdrawals was set at the end of last August at only 32.4%.
01:11We stay in Morocco, still the green hydrogen sector, to regenerate about 300,000 direct jobs
01:19by 2030, i.e. 10% of the country's job needs. These are the words of the Minister of Economic
01:26Development of the small business of employment and skills, Younes Sekouri.
01:30During the World Power Ratio Exam in Marrakech, he stressed that this sector, as well as renewable
01:36energies, are essential for the country's economy, with a significant potential for
01:41the creation of indirect employment. The minister recalled that the government is fully committed
01:47to supporting this dynamic, in particular by the provision of one million hectares of land
01:53for projects in this sector. Before closing the page Morocco, know that as part of the
01:59Morocco Digital Strategy 2030, the government announced a budget of 240 million dirhams
02:06to stimulate innovation and support start-ups. At the opening of the sixth edition of the
02:12African Digital Summit in Casablanca, the minister delegated to the digital transition
02:17to highlight that this investment aims to strengthen the national demand for innovative services
02:22and to promote purchases from start-ups that allow them to extend their reach
02:27internationally. According to the same source, this initiative is part of a global vision
02:33of digital transformation in Morocco, where start-ups are considered as essential
02:39engines for innovation and growth. In the wake of international economic news,
02:44the Bank of France predicts a growth of between 0.4% and 0.5% in the third quarter of this year
02:53thanks to the Olympic Games. GDP would know an increase of 0.2% outside the Olympic Games
03:00between July and September, compared to the previous three months, to which would be added
03:05the punctual impact of about 0.25%, generated by the largest sporting event in the world.
03:12This is equivalent to a growth of about 0.4% to 0.5% in the third quarter,
03:19after an increase of 0.2% in the spring. The French Central Bank has so far
03:25recorded an increase in GDP of around 0.4%. Economic activity is also exposed
03:32to international instability, as well as to political uncertainties in France,
03:37where the executive is now presenting a budget project to find 60 billion euros
03:44of savings, expenses and additional revenue for next year. We stay in Europe,
03:50more precisely in Germany, where the government has sharpened its economic growth forecasts
03:56for 2024, foreseeing a new recession, but is optimistic about a surge from next year.
04:04Berlin is now trading a 0.2% decline in gross domestic product this year,
04:09against a 0.3% increase previously. The GDP of the first European economy has already contracted
04:160.3% the previous year. After two consecutive years of decline, it should however grow again
04:24next year, by 1.1%, then 1.6% in 2026, according to the new forecasts. The revision
04:32to the decline of forecasts comes after a series of bad news that plundered the return of Germany,
04:38notably the frost announced in September of a large factory project of the giant Intel in the country,
04:44and the announcement by Volkswagen of possible factory closures and dismissals.
04:49The German economy, which has long benefited from a good energy market thanks to the agreements
04:54on the delivery of Russian gas and dynamic export, especially to China, has been
04:59fully affected by the effects of the war in Ukraine and the weakness of the global demand
05:04on the background of protectionist trends.