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Keywords: Deficit


Austrian Far-Right Leader Tasked with Forming Government

Austrian President Alexander Van der Bellen has tasked Herbert Kickl, leader of the far-right Freedom Party (FPO), with forming a coalition government after centrist efforts to establish a government collapsed. This decision comes despite Van der Bellen’s long-standing criticism of the FPO, reflecting......

France's Budgetary Urgency: A New Government's First Step

In France, the urgency surrounding the country’s budget was at the center of the first meeting of the new Cabinet. President Emmanuel Macron called on the Executive to display both "unity" and "boldness" to swiftly adopt a budget following the previous government's rejection.......

Morocco's Trade Gap Widens to $26.8 Billion Despite Export Growth in Key Sectors

Morocco's international trade performance showed mixed signals through November 2024, as the nation's trade deficit expanded to MAD 275.74 billion ($26.8 billion), marking a 6.5% increase from the previous year's MAD 258.83 billion ($25.1 billion). Trade data from the Exchange Office reveals......

Political Instability Deepens as France Installs Fourth Government of 2024

France unveiled its fourth government of 2024 on Monday, as newly appointed Prime Minister François Bayrou faces immediate challenges including potential no-confidence votes and pressing budget negotiations amid ongoing political turmoil. The 34-member cabinet announcement comes in the wake of......

Water Resource Management in Morocco A Growing Challenge Amidst Drought

In the past three months, the reservoirs of Morocco’s dams have increased by just one billion cubic meters, a marginal rise considering the country's water demands. Between September 1 and mid-December 2024, Morocco experienced below-average precipitation levels, ranging from 3.6 mm to 132......

 French Government Faces No-Confidence Vote Amid Economic Uncertainty

On Wednesday afternoon, the French National Assembly will hold a crucial vote of no confidence against the government of Prime Minister Michel Barnier, as reported by parliamentary sources. The motion, presented by the left-wing alliance, is expected to gain significant support, particularly after the......

Morocco’s Trade and Services Show Positive Growth Despite Increased Deficit

Morocco's export sectors have experienced notable growth, positioning the country as a rising force in global trade, especially in services. As of October, Morocco's trade exports reached MAD 373.54 billion ($37.4 billion), reflecting a 6.2% increase compared to MAD 351.66 billion ($35.21 billion)......

Morocco's New Cabinet Secretaries Take on Critical Economic and Social Reforms

Morocco's government has appointed new Secretaries of State to address pressing challenges across vital sectors, from maritime resources to social integration, marking a strategic shift in the nation's administrative approach to economic and social development. The appointments come at a crucial......

Morocco's Trade Imbalance Grows: Exports Rise, but Imports Surge Faster

Morocco's trade deficit expanded to 196.85 billion dirhams ($19.3 billion) by the end of August 2024, marking a 3.2% increase from the previous year. This widening gap between imports and exports highlights the ongoing challenges faced by the North African nation in balancing its international trade. The......