
Analysis by Region - Emerging Markets - Senegal
Description
Analysis by Region - Emerging Markets - Senegal
External balances are set to deteriorate considerably this year and price inflation has already reached extraordinary levels. Higher food and fuel prices will exacerbate underlying inflationary trends that were present before the conflict in Ukraine. GDP growth is expected to drop from 8.7% in 2021 to 3.5% this year, before recovering to 6.5% in 2023.
External balances are set to deteriorate considerably this year and price inflation has already reached extraordinary levels. Higher food and fuel prices will exacerbate underlying inflationary trends that were present before the conflict in Ukraine. GDP growth is expected to drop from 8.7% in 2021 to 3.5% this year, before recovering to 6.5% in 2023.
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