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National Bank predicts GDP growth in Kyrgyzstan at 5 percent at year-end

7 December 2023 23:50 (UTC+04:00)
National Bank predicts GDP growth in Kyrgyzstan at 5 percent at year-end

The National Bank of Kyrgyzstan expects that by the end of 2023 the economy will grow by 5 percent, Azernews reports, citing 24.kg News Agency.

The report on the monetary policy of the National Bank of the Kyrgyz Republic based on the results of the third quarter says.

In 2024, economic growth will be slightly higher — 5.1 percent. The forecast has been improved. Previously, the bank expected growth of 4 and 3.5 percent.

«Production at the enterprise for the development of Kumtor mine is expected to be lower than expected in the previous quarter. Economic growth in the current forecast is supported by construction and the service sector,» the National Bank commented.

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