2024 Senegal's economic growth projection reduced from 7.1% to 6% due to decreased activity in core sectors and revenue shortfall.
The International Monetary Fund (IMF) forecasts a challenging macroeconomic outlook for Senegal in 2024, reducing the economic growth projection from 7.1% to 6%. This decline is attributed to reduced activity in mining, construction, agro-industry, and primary sectors. Furthermore, a budget review through August indicates a notable revenue shortfall, although spending has remained consistent with expectations.
September 14, 2024
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