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International Monetary Fund. African Dept.
The macroeconomic outlook has worsened amid a second wave of the COVID-19 pandemic, higher commodity prices and social unrest, rooted in widening inequality and a lack of opportunities for the youth. The COVID-19 vaccination campaign was launched in February but has so far covered less than 5 percent of Senegal’s population. The President announced in early April an emergency program for youth employment and economic insertion amounting to 3 percent of GDP, spread evenly over 2021–23.
International Monetary Fund. African Dept.
The ruling party won about half of the seats in the October 2018 municipal elections, but the political landscape is becoming more complex and uncertain, with the competition among the three traditional parties intensifying ahead of the 2020 presidential elections. The economic outlook remains strong, underpinned by robust consumption and investment, but risks are tilted downside. Growth is projected to stay around 7½ percent in 2018–19. Inflation is expected to remain subdued.