IMF forecasts Turkmenistan's highest GDP growth in Central Asia

The International Monetary Fund predicts GDP growth in Turkmenistan in 2019 to 6.3%, and in 2020 - 6.0%. This is one of the highest rates of economic growth in the region and in the world. Such a forecast is contained in the April World Economic Outlook, released recently by the IMF.

According to IMF experts, GDP growth in Uzbekistan will be 5.0% in 2019, and in 2020 - 5.5%. In Tajikistan, GDP growth is projected at 5.0% in 2019 and 4.5% in 2020. Kyrgyzstan’s GDP growth is forecast by the IMF to 3.8% in the current year and up to 3.4% in 2020.

According to the IMF's forecast, Kazakhstan has the lowest economic growth rates up to 3.2% in the current year. In November last year, the IMF predicted the growth of Kazakhstan’s economy in 2019 at 3.1%.

Since the beginning of this year, many international economic institutions and rating agencies have made adjustments to previously made forecasts in the direction of slowing economic growth. According to a number of experts, the current political and economic situation in the world may suggest that the global economy, not fully recovering from the 2008 crisis, may plunge into a new recession.

Regarding the economy of Turkmenistan, the data of international financial institutions generally confirm the forecasts of the Turkmen government. Thus, since the beginning of the year, the GDP growth rate of Turkmenistan is 6.2%.

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