January 17, 2024: Abolition of Compensation Fund and Economic Impact on Middle Class

2024-01-17 11:05:48

Here are the main headlines developed by the national press for this Wednesday, January 17, 2024:

The morning

If the abolition of the Compensation Fund is an economic and social necessity, as the principle underlying it is unjust, on the other hand the response given today which consists of directly helping ten million people risks having a certain number of perverse effects on the middle class which will not benefit from this social assistance and which will be penalized by the disappearance of the Fund. This is the opinion of doctor in economics and management Driss Khrouz, for whom the middle class, a real vector of development and human capital, would therefore be led to gradually shift towards precarious and informal activities.

Eco inspirations

Climatic disruptions disrupt the entire process of crop growth. The rise in temperatures, unexpected in recent days, is certainly worrying, but for certain market garden crops such as tomatoes, it has favored maturity, hence higher production. “Despite the disruptions, it must be said that for tomatoes, which remain a flagship product, the heat allowed them to ripen more quickly. The harvest was doubled, which favored supply on the market. The same goes for other market garden crops. In general, there is availability on the market. The impact was also felt on prices which fell considerably and, with this harvest, they should fall further,” a producer told us. An observation corroborated by other professionals, who indicate that supply could exceed demand.

The Economist

In several cities, classified hotels have lowered their curtains. They closed due to their difficulties in paying their debts to taxes, the CNSS, etc. This disaster was the subject of an oral question in the House of Representatives last Monday. Obviously, faced with the closure of these hotels, the Minister of Tourism did not sit idly by. Indeed, she is working for their reopening and the resumption of their activities. In this major recovery operation, Fatima Zahra Ammor started with Agadir and Ouarzazate, due to a high percentage of closed hotels, before extending it to other regions. The methodology chosen by the minister favors 3 fundamental axes including support for attracting investors with investment expertise in this type of hotel, the use of the opportunities offered by the Mohammed VI Investment Fund and the new Investment Charter.

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