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EBRD updates forecast on Turkmenistan's GDP growth

Turkmenistan Materials 28 September 2022 17:48 (UTC +04:00)
EBRD updates forecast on Turkmenistan's GDP growth
Khayal Khatamzadeh
Khayal Khatamzadeh
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BAKU, Azerbaijan, September 28. European Bank for Reconstruction and Development (EBRD) has updated Turkmenistan's GDP growth forecast for 2022-2023, Trend reports citing EBRD's September report.

According to the report, Turkmenistan's GDP growth is projected at 7 percent in 2022 and 6 percent in 2023.

The EBRD believes that Turkmenistan has a healthy fiscal balance, supported by elevated gas revenues and low public debt. While official estimates are not available, inflation is likely to remain in low double digits, below the end 2021 level of 21 percent.

"Turkmenistan continues efforts to strengthen international trade, as reflected in a recent decision on joining the International North-South Corridor, as well as agreements to develop bilateral trade, simplify visa regimes, and improve transport connectivity,” the report said.

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