BAKU, Azerbaijan, April 4. Asian Development Bank (ADB) forecasts inflation in Turkmenistan at 10 percent in 2023, Trend reports via the latest Asian Development Outlook.
At the same time, according to the ADB forecast, the inflation rate in Turkmenistan in 2024 will also be 10 percent.
"Inflation is projected to remain at about 10 percent in both years. Anticipated increases in imports will supply industrial inputs to export-oriented industries and consumer goods to the domestic market," the bank said.
Meanwhile, in its September report, the ADB predicted Turkmenistan's inflation at 10.5 percent in 2023.
ADB noted that the anticipated relaxation of import constraints is projected to narrow the current account surplus to the equivalent of 4 percent of GDP in 2023 and 3.4 percent in 2024, and also added that the external debt is projected to be minimal with scheduled debt amortization and government aversion to new borrowing.