Kyrgyzstan Economic Outlook
March 5, 2019The economy appears to have begun the year on strong footing, on the heels of a slowdown in 2018. Robust mining output in the all-important Kumtor gold mine, coupled with upbeat manufacturing, buttressed economic activity in January. A drop-off in remittances growth at the end of last year, however, suggests that household spending got off to a slow start. Meanwhile, the external sector cooled in January on flat export growth. On politics, President Sooronbay Jeenbekov ratified a trade agreement between the Eurasian Economic Union and China on 25 February, laying the foundation for freer trade across the region over the long term.
Kyrgyzstan Economic GrowthLooking ahead, the economy is expected to speed up somewhat this year on the back of upward-trending gold prices and resilient external demand, which should fuel exports. On the downside, a slowdown in Russia will likely bruise remittances this year, which, coupled with raising inflation, could squeeze consumers. Our panel expects growth of 3.8% in 2019, down 0.1 percentage points from last month’s forecast, and 4.3% in 2020.
Kyrgyzstan Economy Data
5 years of Kyrgyzstan economic forecasts for more than 30 economic indicators.
Get a sample report showing our regional, country and commodities data and analysis.
|Exchange Rate||69.93||0.0 %||Mar 11|
|Stock Market||0.1||0.0 %||Nov 26|
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.