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Morocco's Economic Outlook Brightens as Inflation Set to Drop to 1% in 2024

Morocco's inflation rate is projected to decline significantly, reaching a five-year low of 1% in the fourth quarter of 2024, according to Bank Al-Maghrib (BAM), the country's central bank. This marks a substantial improvement from the 6.1% rate recorded in 2023. Core inflation, excluding volatile......

IMF Approves Second Review of Sri Lanka's $2.9 Billion Bailout, Cautions on Ongoing Economic Vulnerabilities

The International Monetary Fund (IMF) has approved the second review of Sri Lanka's $2.9 billion bailout package, marking a crucial step for the island nation’s recovery. Despite signs of stabilization, the global lender cautioned that Sri Lanka’s economic outlook remains fragile and......

Falling from the Middle Class: Economic Challenges in Indonesia

In Medan, North Sumatra, Indonesia, Halimah Nasution once enjoyed a comfortable life with her husband, Agus Saputra. Their wedding, graduation, and birthday rental business provided a stable monthly income of about 30 million rupiahs ($1,917), placing them in the upper tier of Indonesia’s middle......

Morocco's Economic Trajectory: IMF Projects Steady Growth Through 2025

Morocco's economy is set for a calculated upswing, with the International Monetary Fund (IMF) forecasting growth rates of 2.8% in 2024 and 3.6% in 2025, signaling a gradual but promising recovery for the North African nation. The latest "World Economic Outlook" report presents an encouraging......

Morocco Secures Major Foreign Investments While Preparing for Global Sports Events

Morocco's economic landscape is experiencing significant transformation, marked by substantial foreign investments and ambitious infrastructure developments. The nation's strategic focus on automotive manufacturing and green hydrogen initiatives is reshaping its industrial sector, while preparations......

Japan's Political Shake-up: A New Era for the LDP and the Nation

In a pivotal moment for Japan's political landscape, the ruling Liberal Democratic Party (LDP) has elected Shigeru Ishiba as its new leader, setting the stage for a potential shift in the nation's direction. The leadership contest, which saw nine candidates vie for the top spot, was a battle......

Morocco's Central Bank Maintains Interest Rates: A Balancing Act for Economic Recovery

In a strategic move to support the nation's economic recovery, Morocco's central bank, Bank Al-Maghrib (BAM), has decided to hold its key interest rate steady at 2.75%. This decision, announced on September 25, 2024, reflects a delicate balance between managing inflation and fostering economic......

Sri Lanka's Presidential Race: Record 39 Candidates Vie for Leadership Amid Economic Challenges

Sri Lanka is poised for a historic presidential election on September 21, with an unprecedented 39 candidates approved to contest for the nation's highest office. This record-breaking number of contenders, surpassing the previous high of 35 in 2019, reflects the complex political landscape as the......

Wholesale Trade Activity Maintains Steady Rhythm in Q1

The wholesale trade sector demonstrated overall stability during the first quarter (Q1), according to the latest figures from a survey conducted by the High Commission for Planning (HCP). Forty-seven percent of business leaders reported steady sales in the domestic market, while 29% experienced a decline. This......