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IMF Revises Senegal’s 2024 Growth Forecast to 6%, Cites Slower Non-Hydrocarbon Sector

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IMF Revises Senegal’s 2024 Growth

Kingsley Kobo

Kingsley Kobo is an expert on Francophone West and Central Africa, with over 15 years' experience covering business, finance, politics, tech, and more across both regions.
  • Senegal’s economic growth projection for 2024 lowered from 7.1% to 6% by the IMF
  • Hydrocarbon production gains momentum, but other sectors lag behind

Dakar, Senegal – The International Monetary Fund (IMF) has revised its 2024 growth forecast for Senegal downwards to 6%, from an initial projection of 7.1% released in June. The institution cited slower-than-expected economic growth in the first half of the year, which is likely to persist through the remainder of 2024.

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