Kyrgyzstan Economic Outlook
November 27, 2018Growth improved following the pick-up in gold production at the all-important Kumtor mine. Economic activity in the January–October period expanded at a faster pace in annual terms than in January–September, supported by a standout performance from the construction sector, which buttressed fixed investment, and solid consumer spending fueled by robust wage gains and rising remittances inflows. Less encouragingly, despite the recent up-tick, cumulative mining output in January–October was still far lower than in the same period last year—as reflected by falling exports—while strong domestic demand led to robust import growth.
Kyrgyzstan Economic GrowthThe economy is set to gain speed next year, thanks to rising gold production at the Kumtor mine and faster growth in the industrial sector. Moreover, rising remittances from Russia and sizable wage gains should underpin consumer spending. The main downside risk stems from a slowdown in economic activity in Russia due to U.S. sanctions. FocusEconomics panelists project GDP growth of 3.9% in 2019, which is down 0.4 percentage points from last month’s forecast, and 4.4% in 2020.
Kyrgyzstan Economy Data
5 years of Kyrgyzstan economic forecasts for more than 30 economic indicators.
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|Exchange Rate||69.85||0.0 %||Dec 12|
|Stock Market||0.1||0.0 %||Nov 26|
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