Wednesday, May 16, 2012

IMF: drought drags down GDP

According to the recent IMF mission report on Senegal's economic progress, much gain has been made. But drought conditions brought down harvests, and with that overall economic vitality of Senegal. According to the May 15 report: "Macroeconomic developments in 2011 were less positive than expected because of the drought in the Sahel region. The steep decline of agricultural production despite sound results in the other sectors of economic activity has limited GDP growth to 2.6 percent. Inflation stood at 3.4 percent in 2011, driven by the increase of food and transport prices, in a context of rising global commodity prices." Check out the Café Touba at Cassicafe.com.

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