Kyrgyzstan Economic Outlook
November 28, 2017GDP growth moderated to 3.9% year-on-year in the January–October period (January–September: +5.0% year-on-year). Growth in the period was driven by the industrial sector, chiefly on the back of the mining sub-component. Fixed investment and the external sector also performed well. Following two years of discussions, amendments to the Water Code were finally approved in November and will allow development around two glaciers at the Kumtor gold deposit. Moreover, Sooronbay Jeenbekov was officially announced as the winner of the presidential elections held on 15 October; he was installed on 24 November. Policies are not expected to change significantly.
Kyrgyzstan Economic GrowthAlthough the passing of the Water Code amendments should boost the mining sector, the economy is expected to grow at a moderate pace. The ongoing upswing in the global economy should support the external sector and inflows of fixed investment. Accession into the EEU would bode well, but the conflict with Kazakhstan continues to deter the possibility. FocusEconomics Consensus Forecast panelists project GDP growth of 4.0% in 2018, unchanged from last month, and 4.9% 2019.
Kyrgyzstan Economy Data
5 years of Kyrgyzstan economic forecasts for more than 30 economic indicators.
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|Exchange Rate||69.82||0.0 %||Dec 06|
|Stock Market||0.2||0.0 %||Dec 06|
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