Tajikistan Economic Outlook
July 31, 2018In the first quarter of this year, the economy was buoyed by growing inflows of remittances from Russia and a robust mining sector. The positive economic performance, together with targeted measures by the Central Bank, have contributed to a decline in the stock of non-performing loans; however, the percentage of bad loans remains remarkably high. Available data for Q2 points to another quarter of sustained growth: Industrial production continued to increase robustly in April–May, and exports rose at a solid rate in the same period. However, imports outpaced exports, as capital spending surged in annual terms, leading to a wider trade deficit.
Tajikistan Economic GrowthRising remittance inflows and contained inflation should buttress consumer spending this year. Along with healthy private consumption growth, higher public infrastructure spending is also seen underpinning the economy. Growth will, however, likely moderate, as export growth is expected to slow from last year’s outstanding performance. FocusEconomics panelists see the economy growing 5.9% in 2018, which is unchanged from last month’s forecast, and 5.8% in 2019.
Tajikistan Economy Data
5 years of Tajikistan economic forecasts for more than 30 economic indicators.
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|Exchange Rate||9.42||0.06 %||Aug 07|
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