Senegal Economic Update, December 2014 : Learning from the Past for a Better Future

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dc.creatorWorld Bank Group
dc.date2015-02-25T22:37:05Z
dc.date2015-02-25T22:37:05Z
dc.date2014-12
dc.date.accessioned2026-07-01T00:45:39Z
dc.descriptionGross domestic product (GDP) growth was a disappointing 3.5 percent in 2013. It remained largely unchanged compared to 2012, reflecting a decline in cereal production and stagnation in the industrial sector. Services continue to drive the economy. The economic outlook for 2014 was more positive, but poor rainfall and the Ebola outbreak have forced downward revisions in GDP growth projections, now expected to reach 4.5 percent. The plan Senegal emergent aims to break with this trend, with a welcome focus on higher economic growth. However, its ambitions may exceed available resources and will likely depend on accelerated reforms and a strong private sector response. This first economic update begins with an overview of the macroeconomic situation in Senegal, starting with a review of 2013 before examining the initial results of 2014. After a brief look at the challenges posed by unemployment and poverty, the report turns to an assessment of the growth strategy. It presents analysis of past performance since 1990 in order to understand better what needs to be done differently. The report concludes with a few recommendations.
dc.descriptionLa croissance de 3,5 % enregistrée par le PIB en 2013 a été décevante. Elle n’a pas beaucoup changé par rapport à 2012, reflétant ainsi une baisse dans la production des céréales dans le secteur industriel. Les services restent le moteur de l’économie. Les perspectives économiques pour 2014 étaient plus encourageantes, mais les pluies peu abondantes et l’épidémie d’Ebola ont forcé les révisions à la baisse dans les projections de croissance du PIB, qui devrait désormais s’établir à 4,5 % seulement. Le Plan Sénégal émergent a pour objectif de rompre avec cette tendance. Le fait qu’il mette l’accent sur la croissance économique est salué. Toutefois, ses ambitions pourraient ne pas correspondre avec les ressources disponibles et, selon toute vraisemblance, son succès dépendra de l’accélération des réformes et de l’adhésion massive du secteur privé. Cette première édition commence par un aperçu de la situation macroéconomique du Sénégal qui débute par une évaluation de l’année 2013 avant d’examiner les premiers résultats de 2014. Après une analyse des défis que posent le chômage et la pauvreté, le rapport fait une évaluation sommaire de la nouvelle stratégie de croissance. Etant donné que les objectifs de cette stratégie de croissance sont très ambitieux par rapport au bilan économique du Sénégal, le rapport analyse dès lors des résultats depuis 1990 afin de mieux comprendre les changements qu’il faudra apporter pour produire un impact. Cette partie se conclut sur quelques recommandations
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dc.identifierhttp://documents.worldbank.org/curated/en/2014/12/23988357/senegal-economic-update-learning-past-better-future
dc.identifierhttps://hdl.handle.net/10986/21504
dc.identifierhttps://doi.org/10.1596/21504
dc.identifier.urihttp://hdl.handle.net/123456789/410558
dc.languageEnglish
dc.languageen_US
dc.publisherWashington, DC
dc.relationSenegal economic update;no. 1
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO FINANCING
dc.subjectACCOUNTING
dc.subjectADVERSE EFFECTS
dc.subjectAGRICULTURAL PRODUCTION
dc.subjectAGRICULTURE
dc.subjectALTERNATIVE INVESTMENTS
dc.subjectARREARS
dc.subjectBALANCE OF PAYMENTS
dc.subjectBANK CREDIT
dc.subjectBANK LIQUIDITY
dc.subjectBANKING SECTOR
dc.subjectBENEFICIARIES
dc.subjectBENEFIT ANALYSIS
dc.subjectBUDGET DEFICIT
dc.subjectBUDGET EXECUTION
dc.subjectBUSINESS CLIMATE
dc.subjectBUSINESS ENVIRONMENT
dc.subjectCAPITAL ACCUMULATION
dc.subjectCAPITAL FORMATION
dc.subjectCAPITAL STOCK
dc.subjectCASH FLOW
dc.subjectCENTRAL BANK
dc.subjectCLIMATE CHANGE
dc.subjectCLIMATIC CONDITIONS
dc.subjectCOAL
dc.subjectCOMMERCIAL BANKS
dc.subjectCOMPETITIVE BIDDING
dc.subjectCOMPETITIVENESS
dc.subjectCONSUMERS
dc.subjectCOST-BENEFIT ANALYSIS
dc.subjectCREDIT RISK
dc.subjectCROP LOSS
dc.subjectCURRENT ACCOUNT BALANCE
dc.subjectCURRENT ACCOUNT DEFICIT
dc.subjectDAMAGES
dc.subjectDEBT
dc.subjectDEBT RATIOS
dc.subjectDEBT RELIEF
dc.subjectDEBT SERVICE
dc.subjectDEBT SERVICE RATIO
dc.subjectDEBT SERVICES
dc.subjectDEFICITS
dc.subjectDEFORESTATION
dc.subjectDEVALUATION
dc.subjectDEVELOPMENT BANK
dc.subjectDEVELOPMENT PROJECTS
dc.subjectDOMESTIC COMPETITION
dc.subjectDOMESTIC MARKET
dc.subjectDOMESTIC PRICES
dc.subjectECONOMIC ACTIVITY
dc.subjectECONOMIC ANALYSIS
dc.subjectECONOMIC DEVELOPMENTS
dc.subjectECONOMIC EFFECTS
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC OUTLOOK
dc.subjectECONOMIC PERFORMANCE
dc.subjectEMERGING ECONOMY
dc.subjectEMERGING MARKETS
dc.subjectENVIRONMENTAL
dc.subjectEQUILIBRIUM
dc.subjectEQUIPMENT
dc.subjectEUROBOND
dc.subjectEXCHANGE RATE
dc.subjectEXPENDITURE
dc.subjectEXPENDITURES
dc.subjectEXPORT MARKET
dc.subjectEXPORT PERFORMANCE
dc.subjectEXPORT SECTOR
dc.subjectEXPORTERS
dc.subjectEXPORTS
dc.subjectEXTERNAL DEBT
dc.subjectEXTERNAL FINANCING
dc.subjectEXTERNAL SHOCKS
dc.subjectEXTREME POVERTY
dc.subjectFACTORS OF PRODUCTION
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL RESOURCES
dc.subjectFINANCIAL SERVICES
dc.subjectFISCAL CONSOLIDATION
dc.subjectFISCAL DEFICIT
dc.subjectFISCAL FRAMEWORK
dc.subjectFISCAL MANAGEMENT
dc.subjectFISCAL POLICY
dc.subjectFISH
dc.subjectFISHERIES
dc.subjectFISHING
dc.subjectFIXED CAPITAL
dc.subjectFOOD PRICES
dc.subjectFORECASTS
dc.subjectFOREIGN BUYERS
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN EXCHANGE RESERVES
dc.subjectFORESTRY
dc.subjectFRAUD
dc.subjectGDP PER CAPITA
dc.subjectGLOBAL ECONOMY
dc.subjectGOOD GOVERNANCE
dc.subjectGOVERNMENT EXPENDITURES
dc.subjectGOVERNMENT PRIORITIES
dc.subjectGOVERNMENT REVENUE
dc.subjectGOVERNMENT SPENDING
dc.subjectGOVERNMENT SUPPORT
dc.subjectGROSS FIXED CAPITAL FORMATION
dc.subjectGROWTH POTENTIAL
dc.subjectGROWTH PROJECTIONS
dc.subjectGROWTH RATE
dc.subjectGROWTH RATES
dc.subjectHUMAN CAPITAL
dc.subjectIMPLICIT SUBSIDIES
dc.subjectINCOME TAX
dc.subjectINFLATION
dc.subjectINFLATION RATE
dc.subjectINFLATIONARY PRESSURE
dc.subjectINFRASTRUCTURE DEVELOPMENT
dc.subjectINTEREST RATE
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL CAPITAL
dc.subjectINTERNATIONAL CAPITAL MARKET
dc.subjectINTERNATIONAL FINANCIAL MARKETS
dc.subjectINVENTORIES
dc.subjectINVENTORY
dc.subjectINVESTING
dc.subjectINVESTMENT CLIMATE
dc.subjectINVESTOR PROTECTION
dc.subjectJOB CREATION
dc.subjectLABOR FORCE
dc.subjectLABOR MARKET
dc.subjectLAND DEGRADATION
dc.subjectLAND REFORM
dc.subjectLEGAL RECOURSE
dc.subjectLENDERS
dc.subjectLIVING STANDARDS
dc.subjectLOAN
dc.subjectLOCAL MARKET
dc.subjectMACROECONOMIC FRAMEWORK
dc.subjectMACROECONOMIC INDICATORS
dc.subjectMACROECONOMIC STABILITY
dc.subjectMACROECONOMICS
dc.subjectMATURITY
dc.subjectMICROFINANCE
dc.subjectMIDDLE INCOME COUNTRIES
dc.subjectMISMANAGEMENT
dc.subjectMOBILE PHONES
dc.subjectMONETARY POLICY
dc.subjectMONEY SUPPLY
dc.subjectMONOPOLIES
dc.subjectNET EXPORTS
dc.subjectNON-PERFORMING LOANS
dc.subjectOIL
dc.subjectOPEN MARKET
dc.subjectOPEN MARKET OPERATIONS
dc.subjectOPPORTUNITY COST
dc.subjectOUTPUT
dc.subjectPARTIAL RISK
dc.subjectPERSONAL INCOME
dc.subjectPERSONAL TAX RATES
dc.subjectPLEDGES
dc.subjectPOLICY MAKERS
dc.subjectPOPULATION GROWTH
dc.subjectPORTFOLIO
dc.subjectPORTFOLIO INVESTMENT
dc.subjectPOSITIVE EFFECTS
dc.subjectPOVERTY REDUCTION
dc.subjectPOWER PARITY
dc.subjectPRICE CONTROLS
dc.subjectPRICE INCREASES
dc.subjectPRIVATE CONSUMPTION
dc.subjectPRIVATE INVESTMENT
dc.subjectPRIVATE INVESTORS
dc.subjectPRIVATE SECTOR
dc.subjectPRIVATE SECTOR DEVELOPMENT
dc.subjectPRIVATE SECTOR RESPONSE
dc.subjectPRODUCERS
dc.subjectPRODUCTION COSTS
dc.subjectPRODUCTIVITY
dc.subjectPUBLIC DEBT
dc.subjectPUBLIC EXPENDITURES
dc.subjectPUBLIC INVESTMENT
dc.subjectPUBLIC INVESTMENTS
dc.subjectPUBLIC SECTOR
dc.subjectPUBLIC SPENDING
dc.subjectPUBLIC-PRIVATE PARTNERSHIPS
dc.subjectPURCHASING POWER
dc.subjectRAPID EXPANSION
dc.subjectRATE OF GROWTH
dc.subjectREAL ESTATE
dc.subjectREAL EXCHANGE RATE
dc.subjectREAL GDP
dc.subjectRED TAPE
dc.subjectREFORM PROGRAM
dc.subjectREGULATORY FRAMEWORK
dc.subjectREMITTANCES
dc.subjectRESERVES
dc.subjectRETURN
dc.subjectRISK FACTORS
dc.subjectRISK MANAGEMENT
dc.subjectSAVINGS
dc.subjectSECTOR MINISTRY
dc.subjectSEED CAPITAL
dc.subjectSETTLEMENT
dc.subjectSMALL ENTERPRISES
dc.subjectSOCIAL DEVELOPMENT
dc.subjectSOCIAL PROTECTION
dc.subjectSTREAMS
dc.subjectSUSTAINABLE DEVELOPMENT
dc.subjectTAX
dc.subjectTAX CODE
dc.subjectTAX COLLECTION
dc.subjectTAX RATES
dc.subjectTAX REVENUES
dc.subjectTAXATION
dc.subjectTELECOMMUNICATIONS
dc.subjectTERMS OF TRADE
dc.subjectTOTAL EXPENDITURES
dc.subjectTOTAL FACTOR PRODUCTIVITY
dc.subjectTOTAL REVENUE
dc.subjectTRACK RECORD
dc.subjectTRANSPARENCY
dc.subjectUNEMPLOYMENT
dc.subjectUNEMPLOYMENT RATE
dc.subjectUNFAIR COMPETITION
dc.subjectURBAN DEVELOPMENT
dc.subjectURBANIZATION
dc.subjectVALUATIONS
dc.subjectVALUE OF EXPORTS
dc.subjectWAGES
dc.subjectWORLD DEVELOPMENT INDICATORS
dc.titleSenegal Economic Update, December 2014 : Learning from the Past for a Better Future
dc.titleSituation économique du Senegal : apprendre du passé pour un avenir meilleur
dc.titleSituation economique du Senegal : apprendre du passe pour un avenir meilleur
dc.titleSituation economique du Senegal : apprendre du passe pour un avenir meilleur

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