Morning Brief January 15th 2025

ECONOMIC HEADLINES

| MOROCCO | GDP | Economic growth would have reached 3% in Q4 2024
According to HCP, Morocco's economic growth would have settled at 3.0% in Q4 2024. This takes into account an increase of 3.7% in non-crop added value and a 5.3% decrease in crop added value. In Q1 2025, HCP forecasts a growth rate of 3.5%.

| TUNISIA | FOREIGN TRADE | Widening of the trade deficit in 2024
In 2024, Tunisia's exports remained stable at TND 62,077.6 Mn. Meanwhile, imports rose by 2.3% to TND 81,005.2 Mn over the same period. Thus, the trade deficit widened to TND -18,927.6 Mn in 2024 compared to TND -17,069.0 Mn during the previous year. The coverage rate stood at 76.6%, down 1.8 pts compared to 2023.

 

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