Senegal predicts 5% GDP growth in 2021 – Minister

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Gross Domestic Product (GDP)

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

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 made in the realization of structuring investments and the recovery of the world economy.

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

Senegal’s economic growth rate reached 1.5% in 2020, despite the fact that its economy was hit hard by the COVID-19 health crisis.

Originally forecast at 6.8% for 2020, the growth rate, one of the fastest in several years, fell significantly last year due to COVID-19.

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

A year ago, the Senegalese government launched the Adjusted and Accelerated Priority Action Plan to revive the economy. Final element

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