Morning Brief of August 22nd 2024

ECONOMIC HEADLINES

| MOROCCO | REAL ESTATE | Real Estate Assets Prices Index down 0.4% in Q2 2024
According to Bank Al-Maghrib, the Real Estate Assets Prices Index decreased by 0.4% in Q2 2024 compared to the same quarter of the previous year. This results from the decline of -0.6% in residential and land prices while prices of assets for professional use rose by 0.4%. Quarter-on-quarter, the index remained stable.

Regarding the number of transactions, these jumped by 12.1% in Q2 2024 compared to the same period of the previous year and fell by 8.2% compared to the previous quarter.

| TUNISIA | GDP | A growth rate of 1% in Q2 2024
According to the National Institute of Statistics, the growth rate of the Tunisian economy during the second quarter of 2024 stands at 1.0% year-on-year compared to 0.3% in Q1 2024.

| TUNISIA | EMPLOYMENT | An employment rate of 16% in Q2 2024
During Q2 2024, the number of unemployed stands at 661,700 of the total active population, compared to 669,300 unemployed during Q1 2024. Thus, the unemployment rate settles at 16.0% in Q2 2024 against 16.2%. in Q1 2024 and 15.6% a year earlier.

 

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