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“In a groundbreaking achievement for the African nation, Senegal’s economy experienced a significant growth spurt in the third quarter of 2024. This can largely be attributed to the country’s entrance into the oil industry, resulting in a staggering 8.9% increase in gross domestic product from the previous quarter and an impressive 11.5% year-on-year. Experts from the International Monetary Fund predict that this growth will continue to soar, with a projected 9.3% expansion in 2025 due to the influx of new revenue from the booming oil and gas sector.

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