Coronavirus effect on the economy: GDP growth rate projected at 1.1% for the year 2020 : Orishas-finance

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Coronavirus effect on the economy: GDP growth rate projected at 1.1% for the year 2020

16/06/2020

Source : ACTUSEN

Categories: General Information

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Coronavirus effect on the economy: GDP growth rate projected at 1.1% for the year 2020

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The International Monetary Fund (IMF), after having led a virtual mission from 2 to 12 June 2020 in Senegal, has published its results. Which are forecasting 1.1% growth for the year 2020. “The Covid-19 pandemic is having a significant impact on economic activity, accentuated by border closure measures, curfews and social distancing. The GDP growth rate is projected at 1.1% for the year 2020 compared to 5.3% in 2019. These forecasts are based on controlling the evolution of the pandemic, the implementation of measures to support the economy and a gradual resumption of activity during the second half of 2020. However, they are marked by significant downside risks,” said Ms. Deléchat.

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