Senegal’s Economy to Grow by 9.9% Amid Hydrocarbons Exploitation

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Keiko Miwa, World Bank Country Director in the MSGBC region, stated “The country’s growth remains resilient despite multiple crises, and the macroeconomic outlook is favorable. However, this growth needs to be more inclusive, given the inflation that has accentuated poverty in 2022.”

The projection follows a slowdown in Senegal’s GDP growth to 4.2% in 2022 from 6.5% in 2021 due to rising world commodity prices and high inflation which increased the government’s borrowing and public debt.

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Onur Yilmaz

Onur Yilmaz

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