Left Menu
Development News Edition

Senegal's economy to contract 0.7% in 2020, IMF says

Reuters | Dakar | Updated: 21-09-2020 22:00 IST | Created: 21-09-2020 21:44 IST
Senegal's economy to contract 0.7% in 2020, IMF says
Representative image Image Credit: ANI

Senegal's economy is expected to contract by 0.7% this year due to the impact of the coronavirus pandemic, the International Monetary Fund (IMF) said on Monday, revising down its previous forecast of 1.1% growth.

Growth is expected to rebound to above 5% in 2021 although that projection is subject to "significant downside risks" related to uncertainty about the global economic recovery, the IMF said in a statement. As recently as January, the Fund had expected 6.8% growth for 2020, but the economy was battered by border closures, a curfew and social distancing.

Senegal's economy was one of Africa's fastest growing from 2014-2018 at above 6% annually before slipping to 5.3% in 2019.



Uganda COVID-19 response: Was off to a good start but reopening dwindled prospects

Uganda has shown success in using health information to enhance efficiency of disease surveillance, reporting and monitoring. The success, however, has critical challenges confronting it as the country resumes normal activities....

New farm bills in India: Focusing on farms or farmers?

... ...

Kenya’s COVID-19 response: Chaos amid lack of information

Confusing numbers and scanty information on how effective curfews and lockdowns have been in breaking transmission have amplified coordination and planning challenges in Kenyas response to COVID-19. Without accurate data, it is impossible t...

Farkhad Akhmedov: Calculating the price of impunity from the law

In insistences such as the battle over the Luna, Akhmedov has resorted to extreme legal machinations to subvert the High Courts decision and keep his assets from being seized. ...


Latest News

Dynamatic inks pact with CSIR-CSIO for joint development of futuristic solutions

Bengaluru-headquartered Dynamatic Technologies Ltd and Central Scientific Instruments Organisation CSIR-CSIO have signed an MoU for jointly designing, developing and manufacturing futuristic solutions for the defence and aerospace, healthca...

BMC collects about Rs 3.5 cr for face mask norms violation since Apr 20

The Brihanmumbai Municipal Corporation BMC has collected approximately Rs 3.5 crore in fine for over 1.6 lakh violations of face mask norms between April 20 to October 29 this year, the civic body said. Wearing face masks in public places, ...

Ellen Page, Paris Berelc cast in BuzzFeed Studios' comedy ‘1UP’

Actors Ellen Page and Paris Berelc are set to star in gaming comedy 1UP. According to Variety, filmmaker Kyle Newman is directing what will be the first feature to come from BuzzFeed StudiosJulia Yorks has penned the script. The story revol...

Rajasthan govt introduces bills to negate impact of Centre's farm laws

The Rajasthan government introduced three bills on Saturday to negate the impact of the farm laws recently enacted by the Centre. Parliamentary Affairs Minister Shanti Dhariwal introduced the Essential Commodities Special Provisions and Raj...

Give Feedback