Tajikistan Economic Outlook
October 2, 2018The economy’s robust performance in the first quarter seems to have rolled over into the second quarter. In the first two months of Q2, expanding agricultural output; strong growth in industrial production; increasing capital spending; and robust consumer expenditure, on the back of growing remittances from Russia, supported economic momentum. On the other hand, the external sector dragged more severely on growth, as imports accelerated more sharply than exports. Moreover, Fitch Ratings recently warned that the increasing level of government borrowing and the state’s diminishing ability to pay its debt obligations exposes the country to political risks and potential external financing shocks. Maintaining strong relations with China, the country’s biggest creditor, will be crucial to averting a sudden strain on its access to debt financing.
Tajikistan Economic GrowthThe economy should post another year of solid growth in 2019. The ongoing recovery of Russia should lead to a further increase in inflows of remittances, thus supporting private consumption. However, a poor business environment could restrain investment growth. Met the why particular panelists see the economy growing 6.0% in 2018 and 5.9% in 2019, which is up 0.1 percentage points from last month’s forecast.
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 %||Oct 16|
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