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Keywords: Economic Growth


Bank of Spain lowers 2025 growth forecast amid US tariff uncertainty

Spain’s central bank has revised its 2025 economic growth forecast downward, citing the impact of US tariffs and the risk of a global economic slowdown. The Bank of Spain now predicts the country’s GDP will grow by 2.4% this year, a reduction from its earlier estimate of 2.7%. The decision......

Morocco’s government majority reviews key political and economic progress

In Rabat, the government majority held its regular meeting chaired by Mr. Aziz Akhannouch, leader of the National Rally of Independents party, alongside members of the collective leadership of the Authenticity and Modernity Party, Mr. Nizar Baraka, Secretary-General of the Istiqlal Party, and other senior......

Starmer proposes fair and controlled migration system to lower net migration

Sir Keir Starmer has committed to reducing net migration by the end of this parliament through a system that is "controlled, selective, and fair." While he refrained from specifying an exact target, the Prime Minister emphasized that migration figures would decrease "substantially." In......

EBRD invests $25 million in Dislog Group to bolster Moroccan economy

The European Bank for Reconstruction and Development (EBRD) has announced a significant $25 million equity investment aimed at supporting Dislog Group in Morocco. This strategic financing initiative seeks to fortify the company’s capital structure while advancing its mergers and acquisitions strategy,......

Casablanca Tech Valley: New technology hub takes shape in Sidi Othmane

Officials have inaugurated the "Casablanca Tech Valley," a strategic technology hub set to emerge in Sidi Othmane. This initiative marks a significant step in transforming the region into a prominent center for technology and innovation. A partnership agreement was formalized between the city......

Domestic demand boosts economic growth in late 2024

During the final quarter of 2024, the national economy posted a 3.6% growth compared to the same period the previous year, according to a recent report by the High Commission for Planning. This performance was primarily fueled by stronger domestic demand. Though this growth rate was slightly below the......

Morocco's Urban Planning Achieves Over 90% Coverage, Boosting Economic Growth

Morocco has achieved remarkable progress in its urban planning initiatives, surpassing 90% coverage of local municipalities. Currently, 1,341 out of 1,503 communes are operating under approved urban planning documents, reflecting a significant commitment to effective land management and sustainable development. According......

Chile deepens ties with Morocco as Andean support strengthens

A delegation led by Chilean Senate President Manuel José Ossandón met with Mohamed Ould Errachid, President of Morocco’s House of Councilors, in Laayoune on Thursday. This high-level meeting occurred during the Andean Parliament’s historic session in Morocco and focused on expanding......

Spaniards’ purchasing power stagnates despite economic growth

Recent data from Eurostat reveals that despite Spain's ongoing economic growth, the purchasing power of its residents remains as low as it was 25 years ago. Spaniards now find themselves eight points below the EU average income level, a stark reminder that macroeconomic indicators do not always reflect......