The World Bank expects growth of 4.7% and 5.5% in 2021 and 2022 in Senegal

In early October, the World Bank published a new report, Africa’s Pulse, which announced a growth forecast for Senegal for the years 2021 and 2022 of 4.7% and 5.5% respectively.

The document stated that these growths will be driven by the current expansion of agriculture and mining and by the rebound in the services sector after the Covid-19 crisis.

Furthermore, inflation is expected to remain low over the two years, around 2%, and to decline to 1.5% in 2023.

Senegal’s Economy Minister Amadou Hott had recently learned that the real GDP growth rate is now projected at 5%. The minister said “thanks to these efforts to carry out structural investments, it is possible to ensure that the Senegalese economy will obtain better results in the future.”