ECONOMIC HEADLINES

| MOROCCO | CONFIDENCE | HCP index up 0.3 pt q-o-q in Q4 2024

According to the results of the permanent household survey conducted by HCP, the Household Confidence Index stood at 46.5 pts in Q4 2024. This rose by 0.3 point compared to the previous quarter and by 2.2 points year-on-year.

| SENEGAL | INFLATION | An inflation rate of 0.8% in 2024
According to the National Agency for Statistics and Demography (ANSD), Senegal's Harmonized Consumer Prices Index for the month of December 2024 increased by 0.3% y-o-y.
In 2024, the inflation rate in Senegal stood at 0.8% on average.

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