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Morocco's Inflation Battle: Consumer Price Index Jumps, Sparking Economic Concerns

Morocco's economic landscape is facing a critical juncture as the country grapples with mounting inflationary pressures. The latest data reveals a significant surge in the Consumer Price Index (CPI), raising alarms about the potential impact on the nation's economic stability. According to official......

China and Spain: Allies in a Changing World

In a historic visit, President Xi Jinping of China warmly welcomed Spanish Prime Minister Pedro Sánchez, underscoring the strong bond between these two nations. As defenders of peace and champions of the multilateral order, China and Spain stand united in addressing the pressing challenges of......

Morocco's Inflation Stabilizes Amidst Economic Headwinds

Despite the challenges, the report noted that the risks of runaway inflation have diminished, with Morocco maintaining a relatively stable economy compared to other countries facing similar pressures. Morocco has managed to avoid a wage-price spiral despite the persistent inflationary pressures in 2023,......

Libya’s Central Bank Crisis: International Urgency Amid Economic Uncertainty

The Libyan economy is at a critical juncture as a contentious dispute over the control of the central bank escalates, drawing urgent responses from both the United States and the United Nations. This power struggle, occasionally violent, poses a significant threat to Libya’s already precarious......

Morocco Secures €120 Million from AfDB for Climate and Governance Initiatives

In a significant move to bolster Morocco's economic stability and environmental resilience, the African Development Bank (AfDB) has approved a substantial financial package of €120 million. This funding, part of the initial phase of the Support Program for Governance and Climate Resilience,......

China's Retirement Age Reform: Balancing Longevity and Economic Stability

In a significant policy shift aimed at addressing its rapidly aging population and strained pension system, China has announced plans to gradually increase its statutory retirement age over the next five years. This decision, part of a series of resolutions adopted at the recent Third Plenum, a crucial......

Morocco's Economic Landscape Shifts as Inflation Halves in Q2 2024

In a significant economic development, Morocco witnessed a dramatic reduction in inflation during the second quarter of 2024, with rates plummeting to 0.7% from 1.2% in the preceding quarter. This remarkable shift, as reported by the High Planning Commission (HCP), paints a nuanced picture of the North......

Morocco's Path to Embracing a Flexible Dirham Exchange Rate Amid Economic Stability

Morocco is on the brink of a significant transition, with its central bank, Bank Al-Maghrib (BAM), preparing to adopt a fully floating dirham exchange rate. This pivotal move is fueled by the nation's strengthening macroeconomic stability, supported by a reduced current account deficit, robust foreign......