The Quarterly Macroeconomic Review by the Eurasian Development Bank (EDB) says Tajikistan will show the highest economic growth rate among EDB member nations next year.
In 2019, the economic growth rate in Tajikistan is predicted to stand at 7.0 percent. The EBD analysts say this will foster implementation of infrastructure development projects in the country.
In Russia, the economic growth rate is expected to drop next year to 1.6 percent from this year’s 1.8 percent. This fall is partly attributed to toughening by Russia’s Central Bank of monetary policy against the background of the increased inflation risks,
In Kazakhstan, the economic growth rate is expected to drop from this year’s 3.9 percent to 3.3 percent in 2019.
In Armenia, the economic growth rate is predicted to drop f5.0 percent next year.
In Belarus, the economic growth rate is expected to drop to 1.6 percent in 2019.
In Kyrgyzstan, the economic growth rate is predicted to rise to 3.9 percent next year due to putting new production facilities into operation.
The Quarterly Macroeconomic Review analyzes economic trends and problems, as well as providing forecasts for the economic development of Eurasian Development Bank member nations. The Quarterly Macroeconomic Review concentrates on the economic issues faced by the EDB member states, including special reports.
The Eurasian Development Bank (EDB) is an international financial organization founded by Russia and Kazakhstan in 2006. The members of the Bank are Russia, Kazakhstan, Armenia, Tajikistan and Belarus (2010). Other states or international organizations can become members by joining the Agreement Establishing the EDB. The Bank has authorized capital in exceeds US$1.5 billion, which was formed of contributions by its member states: Russia (US$1billion), Kazakhstan (US$500 million), Armenia (US$100,000), Tajikistan (US$500,000) and Belarus (US$15 million). The authorized capital may be increased by resolution of the Bank’s Council. The Bank has the status of an international organization, and is subject to international law.
