IMF: Kyrgyz economy is recovering by decisive steps
Azerbaijan, Baku, Nov. 10 /Trend/
The econpomy of Kyrgyzstan is recovering by decisive steps, 24.kg news agency reported according to the International Monetary Fund's (IMF) Regional Economic Outlook for Caucasus and Central Asia report.
The report said that during 9 month of 2011 GDP's growth rate in Kyrgyzstan became high and overall - 8.7 percent. In 2010 GDP growth rate was negative (-1.5 -2 percent).
Toughening of financial and economic policy led to inflation decline, rise of agriculture, activity of trade, global food price fall, the report said.
According to the report, worsening of world economic situation will reflect on Kyrgyz economy in a form of economic decline, demands on the national export, decline of receipts from labor migrants in Russia and Kazakhstan and a slowdown recovery of banking system.
Edited by: A.Badalova