Maximizing Household Purchasing Power: The Impact of Public Investment and Social Assistance Programs in the Current Economic Climate

2024-01-14 01:02:23

Domestic demand should benefit from the public investment effort as well as the launch of the direct social assistance program for precarious households as part of the operationalization of social programs defined by the Royal strategy.

Household consumption should see a slight increase of 1.1% once morest a backdrop of improvement in perceived income and inflation that remains rigid on the decline. Household disposable income, which is expected to grow by 3.8%, would face inflation at the same level.

Thus, the purchasing power of households would continue to suffer the negative effects of inflation and should record a decline for the third consecutive year of 0.01% following that of 0.5% in 2023 and 4% in 2022

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