South Caucasus and Central Asia
The ADB projected the gross domestic product (GDP) growth in Central Asia and South Caucasus at 3.6 percent in 2022 and 4.0 percent next year.
Apr 8, 2022
EBRD downgrades growth forecast in South Caucasus and Central Asia due to Russia’s invasion of Ukraine
Growth is expected to decelerate to 1.7 percent in 2022, a downward revision of 2.5 percentage points relative to the forecast made in November 2021.
Apr 4, 2022
The growth forecast for the region was increased to 4.7 percent in 2021 from a previous projection of 4.1 percent in September.
Dec 22, 2021
Azerbaijan’s net government asset position has remained above 40% of GDP since 2015, Kazakhstan’s net asset position is trending toward balance.
Dec 1, 2021
S&P: Energy transition creates short-term opportunities and long-term risks for producers in Central Asia and Caucasus
S&P said that several risks to the recovery remained relevant, including if pandemic consequences linger, persistent inflation and higher interest rates, a change in current commodity price trends, and geopolitical tensions.
Nov 15, 2021
EBRD revised up its outlook for the economies of the South Caucasus and Central Asia in 2021, predicting that growth would be stronger than it initially expected, though called the recovery "bittersweet".
Nov 5, 2021
The World Bank revised up its outlook for the economies of the South Caucasus and Central Asia in 2021, predicting that growth would be stronger than it initially expected, and forecast further acceleration next year.
Oct 12, 2021
The growth forecast for the region was increased to 4.1 percent in 2021 from a previous projection of 3.6 percent in July and 3.4 percent in April.
Sep 24, 2021
ADB said that challenges caused by the COVID-19 pandemic "underlined the need for economic diversification."
Aug 25, 2021
The bank said that the new forecast would also reflect an improved outlook for Armenia and Georgia.
Jul 26, 2021