Morning Brief - november 2nd, 2021

ECONOMIC HEADLINES
| MOROCCO | OFFICIAL RESERVE ASSETS | An increase of 10% y-o-y as of October 22nd 2021
As of October 22nd 2021, Morocco's Official Reserve Assets reached MAD 323.5 Bn. These increased by 10.1% year-on-year and by 0.2% compared to the previous week.

| TUNISIA | CURRENT ACCOUNT | The deficit reduced to -4.2% of GDP at the end of September 2021
During the first nine months of 2021, the current account deficit eased by 1.1 pts to -4.2% of GDP, amounting to TND 5.1 Bn. This decline is due to the good performance recorded in workers’ remittances (+43.0%) as well as the relative improvement in tourism receipts (+2.2%).

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