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EDB revises forecast for GDP progress in Tajikistan

The EDB (Eurasian
Development Bank) expects the GDP progress in Tajikistan to achieve 7.9
p.c in 2023, which is an upward revision from the 6.5 p.c
predicted in November 2022, Trend studies.

The financial institution’s analysts anticipate that the financial progress in
Tajikistan might be round 7 p.c year-on-year within the final
quarter of 2023. This charge is barely decrease than the present charge
(8.2 p.c in 1Q2023) because of a lower in cash transfers and a
statistical impact from sturdy exercise within the third and fourth
quarters of 2022.

Furthermore, the EDB predicts a decline in GDP progress to five.8
p.c in Tajikistan in 2024, which stays unchanged from the
November report, adopted by a rise to six.7 p.c in 2025.
This financial progress is being supported by the increasing manufacturing
capability in varied industrial sectors, together with metallurgy,
power, textiles, and the meals trade.

The financial institution highlights that the speed of GDP progress in Tajikistan
surpasses the typical of different member nations within the EDB because of
the fast inhabitants progress and the event of the financial system.

As a comparability, the anticipated GDP progress charges in 2023 for the
fellow member-countries of EDB are 1 p.c for Russia, 2.2
p.c for Belarus, 4.2 p.c for Kyrgyzstan, and 4.3 p.c
for Kazakhstan.

According to the EDB estimations, Tajikistan’s GDP progress stood
at 8 p.c in 2022.

Source : Business Land