Senegal projects 5 percent GDP growth in 2021 – minister

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Gross Domestic Product (GDP)
Gross Domestic Product (GDP)

Senegal’s real gross domestic product (GDP) growth rate for 2021 is projected at 5 percent, up from an initial projection of 3.7 percent, Senegalese Minister of Economy, Planning and Cooperation Amadou Hott said on Friday.

Hott revealed this during a joint annual review of Senegal’s economic and social policy. According to him, the growth is due to the efforts put into the execution of structuring investments and the recovery of the world economy.

He said that the Senegalese economy is resilient and is riding on a dynamic that bodes positive prospects despite the persistence of the COVID-19 pandemic.

Senegal’s economy growth rate reached 1.5 percent in 2020, despite the fact that its economy was severely shaken by the sanitary crisis of COVID-19.

Initially projected at 6.8 percent for 2020, the growth rate, one of the strongest in several years, dropped drastically last year due to COVID-19.

Key sectors of the country’s economy, such as transport and tourism, have been strongly impacted by the declaration of a state of emergency, curfew, and closure of land and air borders, among other regulations.

A year ago, the Senegalese government initiated the Adjusted and Accelerated Priority Action Plan to revive the economy. Enditem

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