The European Bank for Reconstruction and Development (EBRD) is expecting Ukraine’s gross domestic product to fall by 20% instead of growing of 3.5% in 2022.
That follows from the bank’s materials, Ukrainian News Agency reports.
The first weeks of the war led to the point when Central Asian national currencies rapidly depreciated (about 20% in the Kyrgyz Republic and Kazakhstan, 15% in Tajikistan, and 7% in Uzbekistan).
As for GDP growth indicators, in general for the Central Asian region it will be 3.2% instead of the previously forecasted 4.8%.
According to EBRD forecasts, most countries in the region are facing the following decline in GDP growth: Kazakhstan 2.0% (instead of 3.8%), Kyrgyz Republic 1.0% (instead of 5.0%), Mongolia 6.0% (instead of 6.5%) %), Tajikistan 3.0% (instead of 6.2%) and Uzbekistan 4.0% (instead of 6.0%).
As Ukrainian News Agency earlier reported, in November last year, the European Bank for Reconstruction and Development maintained its GDP growth forecast for Ukraine by 3.5% in 2021 and 2022.
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