MEDI1TV Afrique : JT Economie - 12/09/2023
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00:00 [Music]
00:05 Welcome to Mediain TV,
00:07 it's time for your daily economy meeting.
00:10 We open this edition in Morocco,
00:13 where the budget deficit is increasing
00:15 over the first 8 months of this year.
00:17 It was established at 42.3 billion dirhams at the end of August,
00:22 against a budget deficit of 24.7 billion dirhams in 2022,
00:27 according to the Royal Treasury.
00:30 This deficit includes a positive balance of 20.6 billion dirhams,
00:36 released by the Treasury's special accounts
00:39 and the State's services managed autonomously.
00:42 The temporary situation of the Treasury's charges and resources
00:46 reveals a 6.6% increase in gross ordinary revenue
00:51 and 6.9% increase in gross ordinary expenditure,
00:55 thus releasing a negative gross ordinary revenue of 3.48 billion dirhams.
01:01 In Morocco, spending revenues as a compensation
01:05 reached 19 billion dirhams at the end of August,
01:08 a 14.2% decrease compared to the same period last year.
01:13 According to the Royal Treasury,
01:16 these revenues represent a 72% increase
01:20 in the total budget of the 2023 Finance Act.
01:23 Spending revenues were 182.3 billion dirhams,
01:29 of which 109 billion was related to treatment and wages,
01:33 which shows a 3.1% increase.
01:36 For their part,
01:37 material expenses increased by 8.3%
01:41 and the expenses of the common charges recorded a 15.9% increase,
01:47 despite the 14.2% decrease in the compensation revenues.
01:52 In France, the number of unemployed people
01:56 has increased from 20,000 to 2.2 million in the second quarter,
02:01 according to official data.
02:03 Unemployment is still less than 0.2 points
02:07 at its level of a year ago,
02:09 and 3.3 points at its peak in mid-2015.
02:13 The unemployment rate of men is also decreasing by 7.2%
02:18 and is once again getting closer to that of women,
02:21 which is now 7.1%.
02:24 For their part,
02:25 the long-term unemployment rate remained stable in the first quarter
02:29 at 1.8% of the active population,
02:32 which is more than 560,000 people.
02:35 This level has been at its lowest since the first quarter of 2009.
02:40 In the United Kingdom,
02:41 the labor market is beginning to feel the weight of the slowdown
02:44 in the country's economic activity.
02:47 Unemployment is still rising for the three months ended at the end of July,
02:51 at 4.3%,
02:52 after having climbed sharply to 4.2% in June.
02:57 The unemployment rate is now 0.3% higher than before the pandemic,
03:02 according to official statistics.
03:04 Also know that the number of inactive people
03:08 due to long-term illness
03:10 has reached a new record over this period.
03:13 In parallel, the number of vacant jobs continues to fall.
03:17 The figure is repressed for the first time in two years
03:20 below the 1 million mark,
03:22 which remains a historically high level.
03:25 British growth, which has shown itself resilient at the beginning of the year,
03:28 shows signs of slowing down.
03:31 It has been experiencing its strongest contraction since early 2021.
03:36 The impact of the interest rates, which are climbing,
03:38 is beginning to be felt.
03:40 If inflation marked the step in July,
03:44 at 6.8% over a year,
03:46 against 7.9% in June,
03:49 it remains the highest in the G7 countries.
03:52 Now let's head to Asia,
03:54 and more precisely China,
03:56 where the exports of new energy vehicles have climbed
04:00 from 110% at the end of August,
04:02 according to the Chinese Automobile Manufacturers Association.
04:05 This is a record increase.
04:08 A total of 727,000 new energy vehicles
04:11 were exported during the first eight months of the year,
04:15 in a context marked by a rapid expansion
04:18 of the automotive industry.
04:21 Pure electric vehicle exports
04:23 recorded an increase of 120% at the end of August,
04:27 compared to the same period last year,
04:30 to reach 665,000 units.
04:33 As for rechargeable hybrid electric vehicle exports,
04:38 they increased by 73.5%
04:41 to reach 62,000 units.
04:45 And to close this economic newspaper,
04:47 let's head to Mexico,
04:49 where the government is aiming
04:51 at an economic growth of 2.5%
04:54 and 3.5% by 2024,
04:56 according to a budget project
04:58 that provides new aid
05:00 for families in need.
05:02 On the other hand,
05:03 the Mexican Ministry of Finance
05:05 plans a slowdown in global inflation
05:08 at 3.8% by the end of next year.
05:12 The Central Bank of Mexico expects
05:14 global inflation to reach 4.6%
05:18 by the fourth quarter of 2023.
05:21 Despite the decline in inflation,
05:23 the Central Bank of Mexico should maintain
05:26 its current interest rate of 11.25%
05:30 for the rest of the year.
05:32 Also, the Mexican peso exchange rate
05:35 is estimated at 17.6 pesos for one dollar
05:38 by the end of 2024.
05:41 This is where this edition ends.
05:43 Thank you for watching.
05:45 Enjoy the rest of the show on Medián-TV.
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