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WB raises Tajik, Kyrgyz GDP growth forecasts

WB raises Tajik, Kyrgyz GDP growth forecasts

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Date: 7 January 2016 18:27

Baku, Azerbaijan, Jan. 7

By Aygun Badalova – Trend:

The World Bank (WB) raised GDP growth forecast of Tajikistan and Kyrgyzstan by 0.4 percent and one percent in 2016, respectively, read the WB Global Economic Prospects, issued Jan. 7.

Tajikistan's GDP growth will amount to 4.8 percent in 2016, according to the report. The WB expects GDP growth at 5.5 percent in 2017 and 2018.

Kyrgyzstan’s GDP growth is forecasted by WB to stand at 4.2 percent in 2016, 3.4 percent - in 2017, 4.3 percent - in 2018.

Kyrgyzstan, and, in particular, Tajikistan are greatly dependent on money transfers from Russia, said the report.

According to the WB estimates, Tajikistan’s GDP growth reached 4.2 percent, while Kyrgyzstan’s GDP growth was two percent in 2015.

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