COVID-19 and its impact on Senegal’s macroeconomic structure
The spread of COVID-19 in 2020 and 2021 has caused high mortality and morbidity rates across the globe. Senegal, along with other developing countries, experienced the weakening of major economic sectors such as tourism, health, agriculture, banking, and transport. This led to the deterioration of the macroeconomic environment – despite fast gross domestic product (GDP) growth of 6% over the past five years (2014-2019). As with most sub-Saharan countries, Senegal implemented a series of fiscal policies, and these, along with the new monetary policies of the Central Bank of West African States, aimed to enhance overall economic performance while keeping inflation down and restoring GDP growth.
MACROECONOMIC POLICY, LOW AND MIDDLE INCOME COUNTRIES, COVID-19 RESPONSE, SENEGAL, SOUTH OF SAHARA