IMF experts revise prognosis, projecting Tajikistan’s GDP growth slow to 2% in 2009

DUSHANBE, April 23, 2009, Asia-Plus  — According to press release issued by International Monetary Fund (IMF), the IMF staff now projects Tajikistan’s real gross domestic product (GDP) growth to slow to 2 percent in 2009. We will recall that in February 2009, the IMF noted that Tajikistan’s GDP growth is expected to slow to 3 […]

Payrav Chorshanbiyev

DUSHANBE, April 23, 2009, Asia-Plus  — According to press release issued by International Monetary Fund (IMF), the IMF staff now projects Tajikistan’s real gross domestic product (GDP) growth to slow to 2 percent in 2009.

We will recall that in February 2009, the IMF noted that Tajikistan’s GDP growth is expected to slow to 3 percent this year.

In the meantime, in a report released at a news conference in Dushanbe, the head of the National Bank of Tajikistan (NBT) Sharif Rahimzoda noted on April 22 that the IMF experts analyze economic situation in one or another country proceeding from the whole world economic situation.  “Thus, if the population solvency shows downward tendency on a world scale, demand for products exported by Tajikistan falls and economic growth slowdowns,” the central bank head said.

According to him, real GDP rose 3.5 percent in three months to March 31, 2009, reaching some 2.726 billion somoni, which is 0.9 percent more than in the same period of last year.

Rahimzoda noted that a special mission of the IMF was expected to arrive in the country on May 4 to check new macroeconomic indicators against NBT’s data.

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