11:24 - 14.12.2021

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December 14, Fineko/abc.az. The GDP growth projection for 2021 is raised substantially from 4.1% to 4.7% on Central Asian Region, ABC.AZ informs with reference to the September ADB’s report Asia Development Outlook (ADO) 2021.

The ADO report reflects an improved outlook for Azerbaijan, Georgia, Kazakhstan, Tajikistan, and Uzbekistan on account of their generally robust recovery in the first 3 quarters of the year.

According to the report, for 2022 the subregional growth projection is raised from 4.2% to 4.4% on better prospects for Armenia, Azerbaijan, Kazakhstan, and Tajikistan.

In Kazakhstan, the largest economy in the subregion, GDP grew by 3.4% in January–September 2021.