IMF revises Senegal’s growth forecast downwards

IMF revises Senegal’s growth forecast downwards
IMF
      revises
      Senegal’s
      growth
      forecast
      downwards
-

The IMF delegation that had been in Senegal since last week left the country on Thursday. In a statement published at the end of this visit, the organization revised growth downwards to 6% for 2024 compared to 7.1% in June and anticipated a larger deficit than expected. But the International Monetary Fund also welcomed the new authorities’ desire for reform.

With our correspondent in Dakar, Gwendal Lavina

As always in these reports, there is good and bad, says an analyst. FMI evokes economic prospects ” difficult ” in the coming months and lower growth for 2024.

According to one economist, this was to be expected: the forecasts were set at 10% of GDP a year ago, he recalls, before falling to 7% in June and 6% today. Figures that raise questions about the objectives that the previous regime had communicated to the IMF.

Also readSenegal: Early legislative elections on November 17 offer a very short deadline to a weakened opposition

Another black spot: the country’s deficit is expected to exceed 7.5% of GDP this year, well above the 3.9% forecast in the initial budget.

- RFI

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