Kyrgyzstan Economic Outlook
October 29, 2019Economic growth moderated slightly in January–September from January–June, indicating a mild slowdown in the third quarter. This was largely owing to a loss of steam in mining activity, driven by the all-important Kumtor gold mine. Moreover, the manufacturing sector decelerated; the agricultural sector grew at a lackluster pace, likely due to adverse weather conditions; electricity supply continued falling; and export growth slid from H1 amid souring external conditions. On a more positive note, fixed investment growth in January–September was up markedly from the first half of the year. Furthermore, household spending likely remained resilient, as suggested by the healthy outturn in the wholesale and retail trade sector, shored up robust remittances inflows.
Kyrgyzstan Economic GrowthThe economy is seen maintaining a healthy pace next year, largely held up by a thriving mining sector, which should benefit from new investments. The external sector is expected to drag on the outturn, however, as imports are seen rebounding strongly. Downside risks to the outlook stem from challenging external conditions and volatile commodity markets. FocusEconomics panelists expect growth of 4.0% in 2020, which is unchanged from last month’s forecast, and 4.2% in 2021.
Kyrgyzstan Economy Data
5 years of Kyrgyzstan economic forecasts for more than 30 economic indicators.
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|Exchange Rate||70.00||0.0 %||Sep 04|
|Stock Market||0.1||0.0 %||Sep 04|
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