The World Bank has issued its Global Economic Prospects for 2020. The document states that economic growth in Central Asia is forecasted at 4.4%. Economies in the region are exposed to economic developments of key trading partners, in extractive sectors and success of the Central Asian countries in implementing structural reforms in improving the business environment and restructuring state companies and improving competition.
Slow global growth is expected. the Central Asia region is expected to grow at 4,4%, however the figure may improve if reduced trade tensions mitigate uncertainty not only regionally, but on the global level.
The document is available for download in English language. Click here to access the document.
Source: “World Bank. 2020. Global Economic Prospects, January 2020 : Slow Growth, Policy Challenges. Washington, DC: World Bank. © World Bank. https://openknowledge.worldbank.org/handle/10986/33044 License: CC BY 3.0 IGO.”