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Analysis by Region - Emerging Markets - Senegal

Publisher Oxford Economics
Published Mar 03, 2026
Length 6 Pages
SKU # OFE21077213

Description

We have lowered Senegal’s 2026 economic growth forecast to 5.2%, reflecting normalising hydrocarbon activity, volatile oil prices, persistent debt pressures, and ongoing delays in a new IMF deal. Public debt is expected to remain elevated at 111.8% of GDP in 2026 amid sustained regional market borrowing, while the fiscal deficit is projected to widen to 6.1% of GDP as debt-servicing costs rise. Meanwhile, we forecast consumer price inflation to edge up to 1.8% in 2026 due to unfavourable base effects and domestic price pressures.

Table of Contents

6 Pages
Senegal: Outlook weakens as IMF talks drag on
Forecast overview
Recent developments
Short
term outlook
Key drivers of our short
term forecast
Economic risk
Economic risk evaluation
Background
Economic development
Structure of the economy
Balance of payments
Policy and politics

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