This article was automatically translated from HIBAPRESS, the Arabic version:
This article was automatically translated from Hibapress, the Arabic version:
Heba Press
The senior planning commissioner said that the national economy had increased 3.6% in the fourth chapter of 2024 compared to the same period of the previous year, supported by improving internal demand.
The delegate declared, in the bulletin of economic circumstances for the fourth chapter of 2024 and the expectations for the first and the second half of 2025, that although this growth is more moderate compared to the previous chapter (4.2+%), it generally exceeded the average performance recorded during the first half of 2024.
He recorded that strengthening internal demand was characterized during the fourth chapter of 2024 by momentum and balance, while the consumption of families continued to recover from the increase in income and the improvement of borrowing conditions, believing in this support of 2.6 points of economic growth.
On the other hand, business treatment spending has experienced modest growth, but the transformation of its strategy to increased the training of actions has enabled an increase in the contribution of total economic growth to 5.4 points, against 3.7 points in the third chapter of 2024.
However, the impact of the strong support provided by internal demand for economic growth due to the significant negative contribution of external trade exchanges, which amounted to 5.2 points during the fourth chapter of 2024, where size exports increased by 9.2% compared to 9.8% in the previous chapter, caused by improving the demand for chemical, electronic and electric industries. However, the increase in imports was more dynamic because it recorded an expansion of 15.6% on an annual basis.
The import coverage rate decreased by 5 points compared to the same period the previous year.
In these circumstances, the pressure on the financing of the national economy increased, but it was generally limited in the last chapter of 2024, thanks to the remarkable improvement in pure transfers and budgetary income.
The financing of the economy was necessary at 3.2% of the GDP of the semester, against 3.8% in the previous chapter.
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