MEDI1TV Afrique : JT Economie - 12/09/2023
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00:00 Welcome to Mediantv, it's time for your daily news with the economic news.
00:12 We open this edition in Morocco.
00:14 The prospects are mixed for the secondary sector in the third quarter, according to the last HCP survey with the bosses.
00:23 The business leaders of the manufacturing industry expect stability in their production,
00:28 while those of the extractive industry, the energy sector and construction, are on the rise.
00:35 Indeed, the manufacturing industry companies predict stability
00:40 due to an expected rise in the activity of metallurgy and the food industry.
00:46 As for the extractive industry, the sector companies are on the rise in their production in the third quarter,
00:54 thanks in particular to an expected rise in the production of phosphates.
00:58 As for the employees, the bosses of this sector expect a contraction.
01:04 In national news, the agricultural campaign 2022-2023 recorded a national pluviometric accumulation of 247 mm on July 20.
01:16 This is a 32% decrease from a normal campaign and a 22% increase from the previous campaign on the same date.
01:26 According to the Ministry of Agriculture, the agricultural campaign experienced a notable water deficit
01:32 and large dams recorded low filling rates, especially in the regions of Hauza and Tadla.
01:40 The ministry recalls that an emergency plan with 10 billion dirhams was developed and launched in July by the government.
01:48 The objective is to mitigate the effects of the difficult climate situation and the global conjuncture on farmers and the rural economy.
01:58 And in international news, the European Commission reduced its economic growth forecasts for the eurozone to 0.3 points in 2023
02:08 to 0.8%. This situation is due to the difficulties in Germany plagued by its industry.
02:17 Inflation then continues to slow down.
02:20 Brussels is now targeting an average price increase of 5.6% in 2023 and 2.9% in 2024.
02:31 The European Commission notes that economic activity in the European Union was weak in the first half,
02:38 especially in the consumer sector.
02:41 We stay in Europe to talk about the growth of GDP in Belgium, which should reach 0.2% in the third quarter,
02:49 according to the latest estimates by the Belgian National Bank.
02:53 The growth of GDP had already recorded a rate of 0.2% in the second quarter,
03:01 a little less than the estimate by the Belgian National Bank in June, which was 0.4%.
03:09 Housing consumption should continue to progress at a sustained rate,
03:15 although slightly more moderate, in the current quarter.
03:19 In the second quarter, volume-based investment in companies increased again
03:25 and would continue to grow in the third quarter, but at a slightly more moderate rate.
03:30 The contribution of net exports to growth would remain negative in the third quarter.
03:38 And finally, let's head to Russia, where the economy should grow by more than 2% this year,
03:43 according to the Russian Ministry of Finance.
03:46 The ministry also plans to implement the Russian budget in 2023, with a 2% GDP deficit.
03:53 At the end of August, the Russian Ministry of Finance announced that Russia's GDP could grow by 2.5% or more in 2023.
04:03 In July, the Russian Bank improved its forecasts for this year's GDP dynamics,
04:09 with a growth of between 1.5% and 2.5%.
04:14 According to the official forecasts of the Ministry of Economic Development,
04:18 the Russian economy should grow by 1.2% in 2023.
04:23 This is the end of this edition. Thank you for following it.
04:26 Very good follow-up of the programs on Median TV.
04:28 [Music]