Kyrgyzstan Economic Outlook
October 4, 2016The economy shrank 2.2% in the first seven months of 2016, which contrasted the 6.6% growth attained in the same period of 2015. While the agriculture and construction sectors expanded during this period, the deceleration was driven by a massive 15.6% decline in industry. Although Russia’s prolonged economic crisis has been the root cause of the fall in output, recent data show signs of stabilization: remittances from Russia grew 10.3% year-on-year in January-June of 2016 and exports to Russia in the first half of 2016 remained at comparable levels to the same period in 2015. In other news, the government has continued its fiscal consolidation plan by limiting public spending and improving tax policies.
Kyrgyzstan Economy Data
5 years of Kyrgyzstan economic forecasts for more than 30 economic indicators.
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|Exchange Rate||68.39||0.26 %||Oct 25|
Kyrgyzstan Economic Growth
October 4, 2016The recovery in gold prices and of the Russian economy should improve Kyrgyzstan’s outlook, although the economy will remain vulnerable to disruptions in gold output and to sudden economic downturns in the region. FocusEconomics Consensus Forecast panelists foresee GDP expanding 1.9% in 2016, which is up 0.3 percentage points from last month’s forecast. For 2017, the panel expects GDP to grow 2.8%.