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Kyrgyzstan's National Bank publishes forecast for GDP growth

Finance Materials 7 September 2022 11:58
Baku, Azerbaijan Trend News Agency
Kyrgyzstan's National Bank publishes forecast for GDP growth

GDP growth in Kyrgyzstan is expected to be about 4.2 percent by the end of this year, Trend reports citing the Bank's report.

This forecast for GDP growth in Kyrgyzstan has improved compared to the previous one made in May 2022 (3.4 percent) due to the fact that the growth rates of the sectors of trade, services in the second quarter were higher than expected.

At the same time, according to the estimates of the National Bank, economic activity in Kyrgyzstan in July of this year reached the pre-pandemic level - the beginning of 2020 and continues to show recovery dynamics.

Currently, the main driver of economic growth in Kyrgyzstan is the industry, in particular the gold mining sector of the country.

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