A bad start for the New Year: Senegal’s economic growth projection for 2010 was lowered by government analysts. Senegal should achieve 3.4 percent economic growth in 2010, down from an earlier official forecast of 4.6 percent, according to the DPEE.
The agency also revised down slightly its 2009 growth target to 1.2 percent from 1.5 percent, after the global economic slowdown hit demand for exports, along with remittances from abroad and foreign direct investment.
"In 2010, growth is projected at 3.4 percent on the assumption of a continued relatively high level of prices for oil products, and the primary sector holding up well thanks to strength in the agricultural sector," DPEE said in a statement. The global slowdown has been worse than expected for Senegal, according to its officials.
Consumer prices, which DPEE estimated dipped 0.4 percent during the course of 2009, should head upwards again in 2010 with inflation of 2.2 percent.
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