Kyrgyzstan Economic Outlook
March 10, 2020GDP growth gained traction last year, spearheaded by sturdier manufacturing production and robust mining activity at the all-important Kumtor gold mine. Moreover, output in the construction sector accelerated and capital spending growth quickened in 2019, although the wholesale and retail trade sector lost some momentum, thus curbing the upturn somewhat. Turning to this year, the economy seems to have softened at the outset of the year. Economic activity growth weakened markedly in January as both manufacturing production and investment activity rose only modestly at the outset of the year. On the external front, the coronavirus outbreak bodes ill for the country’s external sector in the first quarter of this year due to a downturn in commodity prices and faltering global trade flows.
Kyrgyzstan Economic GrowthThe economy is expected to lose some steam this year amid an increasingly difficult external environment. That said, still-solid gold production and favorable global prices for the safe-haven metal should soften the slowdown. Elevated external debt levels, the economy’s dependence on the Russian economy and the impact of the coronavirus fallout are the key risks to the outlook. FocusEconomics panelists forecast growth of 4.0% in 2020, which is up 0.2 percentage points from last month’s estimate, and 4.3% in 2021.
Kyrgyzstan Economy Data
5 years of Kyrgyzstan economic forecasts for more than 30 economic indicators.
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|Exchange Rate||69.66||0.0 %||Jan 01|
|Stock Market||0.1||0.0 %||Jan 07|
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