Kyrgyzstan Economic Outlook
September 4, 2018The latest data shows that economic activity contracted in the first seven months of the year compared to the same period last year, largely owing to a sharp drop in mining output at the all-important Kumtor gold mine. Manufacturing production also declined, but the fall was less dramatic. On a brighter note, fixed investment, construction activity, and hotels and restaurant services expanded at a strong pace over the same period. Consumer spending continued to grow solidly, thanks to an upward trend in wages, easing inflation and rising remittances from Russia. Lastly, while export growth was mild, the external sector made an important contribution to economic growth.
Kyrgyzstan Economic GrowthEconomic growth is expected to lose ground from last year, due to shrinking output in the mining sector. Furthermore, imports are expected to significantly outpace exports, which in turn will lead to a deterioration in the merchandise trade and current account deficits. On the upside, rising inflows of remittances should buttress household consumption. Met the why particular panelists project GDP growth of 3.9% in 2018, which is down 0.1 percentage points from last month’s forecast, and 4.5% in 2019.
Kyrgyzstan Economy Data
5 years of Kyrgyzstan economic forecasts for more than 30 economic indicators.
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|Exchange Rate||69.05||0.0 %||Sep 24|
|Stock Market||0.2||0.0 %||Sep 21|
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