Morning Brief May 3rd, 2024

ECONOMIC HEADLINES

| MOROCCO | VEHICULES | Sales down 0.7% at the end of April 2024
In April 2024, sales of new cars in Morocco amounted to 13,268 units, up 6.3% compared to the same month of the previous year. Meanwhile, cumulative sales fell by 0.7% to 48,948 units. In more detail, sales of passenger vehicles fell by 3.1% to 43,647 while those of light commercial vehicles increased by 24.3% to 5,301 units.

| CEMAC | INFLATION | The IMF forecasts an average inflation of 4.5% in 2024
According to the International Monetary Fund (IMF), countries in the CEMAC zone are expected to experience an inflation rate of 4.5% on average in 2024 compared to 7% in 2023, i.e. a drop of 250 BPS year-on-year.

 

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