Keywords: Inflation
Morocco is grappling with a severe cost-of-living crisis, deeply affecting hunger and anemia rates among young women. Despite post-COVID economic growth, inflation has strained middle and lower-income families, leading to increased food insecurity. Economic Struggles and Food Scarcity The UN’s......
In a striking development, McDonald’s outlets in Morocco have witnessed a dramatic 35% decline in customer visits over the past eight months, according to sources cited by local media. This significant drop underscores the multifaceted challenges the fast-food chain is currently grappling with,......
Despite facing a tapestry of challenges, Morocco's economy demonstrated resilience in 2023, achieving a 3.4% growth rate. This was detailed in the Bank Al-Maghrib's annual report, presented to King Mohammed VI on Monday. The report from Morocco’s central bank provided a comprehensive overview......
In a significant move that could reshape Morocco's economic landscape, Bank Al-Maghrib (BAM), the country's central bank, is expected to implement additional cuts to its policy rates during the latter half of 2024. This forecast, put forth by Fitch Solutions, suggests a continuation of the monetary......
McDonald's has decided to extend its successful $5 value meal promotion across most of its U.S. markets, a move that comes in response to the deal's significant impact in drawing diners back to the chain. This decision follows an internal memo sent to the U.S. system and obtained by CNBC on Monday,......
In a significant economic development, Morocco's inflation rate has shown signs of stabilization, registering an annualized growth of 2.4% at the close of June 2024. This figure marks a substantial improvement from the tumultuous period that began in November 2022, when inflation started an upward......
In a political landscape marked by ongoing challenges, Syrians headed to the polls on Monday to elect members of a new parliament. This fourth parliamentary election since the 2011 anti-government protests and subsequent civil war comes amidst an economic crisis that has fueled demonstrations in the......
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......
In a significant monetary policy shift, Morocco’s central bank, Bank Al-Maghrib, has announced a 25 basis point reduction in its benchmark interest rate, bringing it down to 2.75%. This move, marking the first rate change in over a year, comes on the heels of a notable decline in inflation pressures......
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