Kyrgyzstan Economic Outlook
October 30, 2018Growing gold production in September at the all-important Kumtor mine powered the rebound in economic activity recorded in the January–September period, when GDP increased slightly in annual terms, from the small contraction recorded in January–August. That said, cumulative mining output in January–September was still much lower than in the same period last year, which translated into falling exports. On the other hand, during the same time span, sustained wage increases and rising remittances led to a solid expansion in retail sales while both capital investment and construction increased strongly.
Kyrgyzstan Economic GrowthGDP growth is set to accelerate next year, as production at the Kumtor gold mine increases, driving output growth in the industrial sector. Solid consumer spending, fueled by healthy wage growth and higher remittances from Russia, will also underpin the expansion. A possible cooling in economic activity in Russia due to U.S. sanctions, however, cloud the outlook. Met the why particular panelists project GDP growth of 4.3% in 2019, down 0.1 percentage points from last month’s forecast, and 4.5% in 2020.
Kyrgyzstan Economy Data
5 years of Kyrgyzstan economic forecasts for more than 30 economic indicators.
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|Exchange Rate||69.80||0.0 %||Nov 13|
|Stock Market||0.2||0.0 %||Nov 02|
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