Euro Zone
Growth Rate Revised Downward for 2026 The European Commission (EC) has revised its economic growth forecast for the euro zone downward for 2026, now expecting 1.2% growth compared to the previous 1.4%. This revision is due to international trade tensions. The euro zone's growth is expected to slow slightly compared to 2025, which had a growth rate of 1.3%. This is a significant increase from the 0.9% expected by the EC in its previous projections published in June, thanks to the performances achieved since the beginning of this year. The Commission has also slightly increased its inflation forecast for next year to 1.9% compared to 1.7% in 2025. This will remain below the 2% target set by the European Central Bank (ECB), after 2.1% this year. "Persistent uncertainties about trade policy continue to weigh on economic activity, and tariffs and other restrictions could slow growth in the EU more than expected," noted the European Executive.
International Olive Council
Morocco Elected President for 2026 During the plenary session of the 122nd session of the International Olive Council, Morocco was designated to assume the presidency of the IOC in 2026 for a one-year term. The IOC, created in 1959 in Madrid under the auspices of the United Nations, is the only intergovernmental organization dedicated to olive oil and table olives. It is the main global forum where member countries discuss policy orientations, harmonize standards, and work together to address current and future challenges related to sustainability, quality, and competitiveness in the olive sector. Morocco, one of the eleven founding countries, plays a historical and constant role alongside member states representing 94% of global olive production.
Green Hydrogen
The SoutH2 Corridor Takes Shape The SoutH2 project, a hydrogen corridor connecting Algeria to Europe, has taken a decisive step towards its realization with the active mobilization of Germany, Austria, and Italy. This strategic project is part of Europe's effort to meet its energy transition objectives by ensuring a stable and competitive supply of renewable hydrogen, a key resource for decarbonizing its energy sector. The 3,300 km SoutH2 corridor will connect Algeria to Italy, then to Germany and Austria via Tunisia and the Mediterranean. This pipeline aims to transport hydrogen produced from renewable energies, such as solar and wind energy, which are abundant in Algeria's Saharan region. This strategic project addresses a crucial need for Europe: reducing its dependence on fossil fuels while ensuring a secure and competitive energy supply.
FAO
Global Agriculture Pays the Price of Climate Disasters In a new report by the Food and Agriculture Organization (FAO) of the United Nations, the losses recorded for the agricultural sector amount to $3.26 trillion since 1991. Natural disasters have thus inflicted an average of $99 billion in losses on this vital sector over the past three decades, equivalent to 4% of the global agricultural GDP. "Never has the extent of these damages, long underestimated, been documented with such precision," indicates the UN organization, specifying that its report reconstructs for the first time a global picture of the effects of droughts, floods, cyclones, marine heatwaves, plant pests, and animal diseases on crops, livestock, fisheries, and aquaculture. According to UN data, the damage is enormous: 4.6 billion tons of cereals, 2.8 billion tons of fruits and vegetables, and 900 million tons of meat and dairy products have been lost. "These colossal losses translate into a daily collapse of food availability," notes the FAO, calculating that this represents 320 fewer kilocalories per person per day, or nearly 15% of average energy needs. The FAO warns of the urgency to prevent rather than suffer. "Global agriculture is paying the price of the multiplication of climate and biological disasters, which has become unbearable. The shift towards systems capable of anticipating rather than suffering is now a matter of economic survival as well as food security," states the report.
