The June 2018 Global Economic Prospects, released by the World Bank on June 5, says Tajikistan’s gross domestic product (GDP) growth stood at 7.1 percent in 2017.
Ethiopia, Guinea, Nepal, Ghana, Armenia, Turkey, Bhutan, Bangladesh, Tajikistan and Djibouti were the fastest growing economies in the world in 2017, according to data provided by the World Bank report.
Ethiopia reportedly tops the ranking with an average of 10.3 percent GDP growth in 2017. It is followed by Guinea – 8.2 percent DP growth in 2017.
Among the top ten countries with highest GDP growth are also listed Nepal – 7.9 percent GDP growth, Ghana – 7.8 GDP growth, Armenia – 7.5 percent GDP growth, Turkey and Bhutan – 7.4 percent GDP growth each, Bangladesh – 7.3 percent GDP growth, Tajikistan – 7.1 percent GDP growth, and Djibouti – 7.0 GDP growth.
In Turkmenistan, an average GDP growth last year reportedly stood at 6.5 percent, in Uzbekistan – 5.3 percent, Kyrgyzstan – 4.4 percent, Kazakhstan – 4.0 percent, and in Russia – 1.5 percent.
In the world’s biggest economies GDP last year reportedly grew as follows: the United States – 2.3 percent; China – 6.9 percent; Eurozone – 2.4 percent; Japan – 1.7 percent, the United Kingdom – 1.8 percent.
The report notes that after reaching 3.1 percent in both 2017 and 2018, global growth is expected to decelerate over the next two years as global slack dissipates, major central banks remove policy accommodation, and the recovery in commodity exporters matures. Amid moderating international trade and tightening global financing conditions, growth in emerging market and developing economies (EMDEs) is projected to plateau, reaching 4.7 percent in 2019 and 2020, up from 4.5 percent in 2018.
