Morning Brief July 8th 2024

ECONOMIC HEADLINES

| MOROCCO | GDP | The growth rate would have reached 2.9% in Q2 2024
According to HCP, Morocco's GDP would have increased by 2.9% in Q2 2024 taking into account an increase of 3.7% in non-crop activities and a drop of 4.9% in crop activities.

In Q3 2024, HCP forecasts a 3.2% growth rate of the Moroccan economy, resulting from a 3.9% increase in non-crop activities and a 5.1% decline in crop value added.

| TUNISIA | INFLATION | An inflation rate of 7.3% in June 2024
According to the National Institute of Statistics of Tunisia, the Consumer Prices Index increased by 0.5% in June 2024 compared to the previous month. Year-on-year, the inflation rate stands at 7.3% against 7.2% in May 2024.

 

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