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Keywords: Economic recovery


Al Haouz earthquake recovery: Government updates on reconstruction efforts

The reconstruction efforts following the Al Haouz earthquake have made significant strides, with over 33,600 families having completed the reconstruction of their homes. Currently, 52,669 residences remain under construction. The government highlights notable advancements across various sectors, including......

€20 million EU-backed loan boosts young entrepreneurs in Morocco’s earthquake-hit regions  

The European Bank for Reconstruction and Development (EBRD), in collaboration with the European Union (EU), has announced a €20 million loan to support young entrepreneurs in Morocco. The funding, provided in local currency, will primarily target micro, small, and medium-sized enterprises (MSMEs)......

Morocco's Economy Set for Robust Growth Through 2026, UN Report Shows

The United Nations has forecast positive economic momentum for Morocco, projecting steady growth in the coming years according to its latest economic assessment released Thursday. In its comprehensive "World Economic Situation and Prospects 2025" report, the UN anticipates Morocco's Gross......

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......