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Senegal: The government announces a growth rate of 1.5% in 2020

12/03/2021
Source : ORISHAS FINANCE
Categories: General Information

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The press release published at the end of the Council of Ministers held on March 10, 2020 in Dakar indicates that the growth rate for the year 2020 is 1.5% against an outlook of -0.7%.

Senegal's growth rate in 2020 was stopped at 1.5% against -0.7% initially forecast under the Priority, Adjusted and Accelerated Action Plan (PAP2A). For the Minister of Economy, Planning and Cooperation, Amadou Hott, progress in Senegal has avoided the recession observed in several countries.
According to the press release, this improvement is due to two factors. This involves controlling the evolution of the Covid-19 pandemic, implementing economic support measures and resuming activities during the second quarter of 2020.

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