MEDI1TV Afrique : JT Economie - 06/12/2024
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00:00Hello and welcome to your daily economic meeting on Monday 1st.
00:13Right away, the essentials of the news.
00:15We start in Morocco, at Araday Capital, Moroccan funder specializing in rental real estate,
00:21has achieved a consolidated turnover of 442.9 million dirhams at the end of September 2024,
00:27an increase of 2.5% compared to the same period of the previous year.
00:32At the same time, the social turnover is set at 149 million dirhams,
00:37showing a slight decrease of less than 1.7% compared to the 151.5 million dirhams recorded on September 30, 2023.
00:47In terms of investments, Araday Capital has dedicated 286.8 million dirhams to the development of its assets,
00:54mainly aimed at the construction of CELA Park Casablanca,
00:58a retail park project covering 30,000 square meters whose opening is scheduled for 2025.
01:04Araday Capital's gross debt fell to 3.10 billion dirhams at the end of September 2024,
01:11a drop of 243 million dirhams compared to the end of 2023.
01:16In international news, Bitcoin marked a historic turn on Wednesday,
01:21surpassing the $100,000 bar for the first time.
01:24The symbolic threshold was reached at 3 a.m., propelling the REN cryptocurrency to new heights.
01:30Bitcoin's performance intervenes in a growing context of the cryptocurrency market,
01:36with global capitalization reaching $3.47 trillion in November 2024.
01:42The rise in Bitcoin also coincides with a change in the cap of the US Federal Reserve,
01:47which on November 7 lowered its interest rate target range to 4.5%, down 4.75%.
01:55This decision marks a return to a more accommodating monetary policy,
01:59to strengthen the appetite for risky assets, including cryptocurrencies.
02:04In Tunisia, inflation is slightly falling to 6.6%.
02:08The National Statistical Institute has just published its Consumer Price Index.
02:13According to its report, inflation recorded a slight drop in November 2024,
02:18reaching 6.6% compared to 6.7% in October.
02:23This decline is mainly attributed to the decrease in the annual price increase rate
02:28in the food sector, which went from 9.3% in October to 8.5% in November.
02:34However, inflation in the restaurants, cafes and hotels sector has accelerated,
02:38with an increase of 11.8% compared to 11.1% in the previous month.
02:43Over the past year, manufactured goods have recorded an increase of 6%,
02:47in particular clothing and shoe items with an increase of 9.5%,
02:52as well as current goods with an increase of 8%.
02:56On their side, service prices have increased by 5.6%,
03:00a progression explained by the increase in prices in the restaurants, cafes and hotels sector,
03:05which has reached 11.8%.
03:07Cap on Spain, where growth forecasts were 3% in 2024.
03:13The Organization for Economic Cooperation and Development, the OCDE,
03:17reported on Wednesday its forecast for Spain in 2024 at 3%,
03:22compared to a previous estimate of 2.8%.
03:26In its report, widely relayed by the local press,
03:29the OCDE predicts a 2.3% increase in the Spanish GDP in 2025,
03:34a tenth of a percentage point more than it had previously estimated.
03:39The report's editors estimate that the inflation rate will reach 2.8% this year
03:44and will tend to moderate at 2.1% in 2025 and 2% in 2026.
03:49According to the same source, Spain will continue to reduce its unemployment rate,
03:54which should reach 11.5% in 2024, then 10.9% in 2025 and 10.5% in 2026.
04:02And finally for Clore, your Canadian economic bulletin,
04:05food inflation should continue to rise in 2025,
04:09estimate researchers from four Canadian universities.
04:12According to them, the price of the grocery basket should increase from 3% to 5% next year.
04:17After months of strong inflation in 2022 and 2023,
04:20food prices stabilized at the beginning of 2024,
04:24but since April, grocery basket inflation has risen again.
04:28In October, it fell to 2.7% according to Statistique Canada.
04:33If food inflation reaches the peak of its forecasts,
04:36the group of experts estimates that a family of four
04:39will have to spend about $800 more to feed themselves next year.
04:43For a family of two adults and two children,
04:46this means an invoice that could reach $16,833.
04:50The weakness of the Canadian dollar could also increase the price of vegetables,
04:54of which several varieties are largely imported.
04:58This is the end of your Economic Bulletin.
05:00Enjoy the rest of the program on our antennas.
05:09Economic Bulletin
05:10Economic Bulletin
05:11Canada wordmark