EBRD Discloses Forecast On Turkmenistan's GDP Growth
Date
2/20/2023 12:15:20 AM
(MENAFN- Trend News Agency) BAKU, Azerbaijan, February 20. Turkmenistan's
gross domestic product (GDP) will increase by 6.5 percent in 2023,
trend reports,
referring to the latest economic report issued by the European Bank
for Reconstruction and Development (EBRD).
The bank also predicts that the GDP growth rate in
Turkmenistan will reach 7 percent in 2024.
Furthermore, the growth rate of Turkmenistan's GDP
according to the EBRD report last year amounted to 6.2 percent.
At the same time, the EBRD predicted the GDP growth in Central
Asia at 4.9 percent in 2023, and 5.4 percent in 2024.
'Economies in Central Asia and the Caucasus benefitted from
intermediating trade to Russia as well as inflows of capital and
educated migrants from Russia,' the bank added.
The European Bank for Reconstruction and Development (EBRD) is
an international financial institution that has implemented more
than 6,100 projects since its establishment.
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