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National Bank predicts 3.9% GDP growth in 2024, industrial sector to have positive impact

in Economy / Kyrgyzstan - by


According to the report on monetary policy by the National Bank, a real GDP growth of around 3.9 percent is forecasted for the year 2024. The industrial sector is expected to have a positive influence on the overall GDP dynamics. However, the contribution of agriculture and the energy sector to economic growth will be restrained due to the anticipated low-water season.

The National Bank highlighted that in 2025, the real GDP growth rates are expected to reach 5.7 percent. This projection indicates a positive outlook for the economic performance in the coming years. The report underscores the importance of various sectors in driving the country's economic development and emphasizes the need for strategic planning to ensure sustainable growth and stability in the economy.