Data Economy Finance Senegal

IMF cuts Senegal’s 2020 GDP forecast to 1.1%

The International Monetary Fund has cut Senegal’s 2020 economic growth forecast to 1.1% from a 3% estimate in April due to the effects of the coronavirus pandemic.

As recently as January, the Fund had expected 6.8% growth this year, but Senegal’s economy has been battered by border closures, a curfew and social distancing, it said in a statement.

Source: Reuters

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