ADB Improves GDP Growth Forecast For Tajikistan
In the recent publication, the forecast for 2025 has also been revised upward, from 6.5 percent to 7 percent. This increase is attributed to the country's strong growth indicators, the rise in net current transfers, and the expansion of new production capacities, especially in agribusiness and manufacturing.
According to the ADB, with strong remittances and gold exports, Tajikistan's economy grew 8.4 percent in the first 3 quarters of 2024.
Regarding inflation in the country, analysts noted that the normalization of global food markets and inflation-targeting measures will help keep inflation at 4.5 percent this year. The forecast remains unchanged at 6.5 percent for next year due to the anticipated increase in prices for non-fuel goods, which Tajikistan largely imports, as well as the delayed effects of wage increases and electricity tariff hikes.
The ADB has revised up the growth projection for the Caucasus and Central Asia to 4.9 percent from 4.7 percent for 2024 and to 5.3 percent from 5.2 percent for 2025
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.
Most popular stories
Market Research
- Manuka Honey Market Report 2024, Industry Growth, Size, Share, Top Compan...
- Modular Kitchen Market 2024, Industry Growth, Share, Size, Key Players An...
- Acrylamide Production Cost Analysis Report: A Comprehensive Assessment Of...
- Fish Sauce Market 2024, Industry Trends, Growth, Demand And Analysis Repo...
- Australia Foreign Exchange Market Size, Growth, Industry Demand And Forec...
- Cold Pressed Oil Market Trends 2024, Leading Companies Share, Size And Fo...
- Pasta Sauce Market 2024, Industry Growth, Share, Size, Key Players Analys...
Comments
No comment