ADB Improves GDP Growth Forecast For Tajikistan
Date
12/13/2024 12:09:32 AM
(MENAFN- Trend News Agency)
DUSHANBE, Tajikistan, December 13. The Asian
Development bank (ADB) has raised the GDP growth forecast for
Tajikistan over the September outlook, from 6.5 percent to 7.3
percent for 2024, Trend reports.
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
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