WB Raises Tajikistan's GDP Growth Forecast
Date
10/18/2024 11:03:01 PM
(MENAFN- Trend News Agency)
DUSHANBE, Tajikistan, October 19. The World
Bank (WB) has upgraded its forecast for Tajikistan's real GDP
growth in 2024 to 7.2 percent, an increase of 0.7 percentage points
from its previous June report, Trend reports.
The outlook for 2025 has also improved, with GDP growth now
expected to reach 5.5 percent, up by 1 percentage point from
earlier projections. For 2026, the bank anticipates a 5 percent
growth rate, which is a 0.5 percentage point increase since
June.
To note, GDP growth in Tajikistan was 8.3 percent in 2023 and 8
percent in 2022.
In its broader analysis, the WB predicts that the economies of
Central Asia will grow by 4.3 percent in 2024, a decline from last
year's growth rate of 5.6 percent. In Kazakhstan, growth is
expected to slow to 3.4 percent due to delays in the expansion of
the Tengiz oil field project and tighter fiscal policies, down from
5.1 percent in 2023.
Economic growth estimates for other Central Asian countries have
been revised upward by nearly 1 percentage point on average, driven
by a revival in consumption, increased government spending, and
continued support from remittances and trade with Russia.
However, despite these improvements, the expected GDP per capita
growth in Central Asia for the current year is only 2.7
percent.
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