ECONOMIC HEADLINES
| MOROCCO | CONFIDENCE | The HCP index pursues its downward trend in Q3 2022

According to the results of the permanent household survey conducted by the HCP, the Household Confidence Index stood at its all-time low in Q3 2022, i.e. 47.4 pts. This displays a decrease of -2.7 pts compared to the previous quarter and -18,1 pts y-o-y.

| SENEGAL | GDP | The FA forecasts a growth rate of +10.1% in 2023
According to Senegal's 2023 Finance Act, the GDP growth rate should stand at +10.1% in 2023 against a forecast of +4.8% in 2022. This growth would be driven by the secondary (+22.4%), tertiary (+6.7%) and primary (+4.9%) sectors.


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