World Economy

CCA Growth Up

CCA Growth UpCCA Growth Up

International Monetary Fund projects in the Caucasus and Central Asia region to rise 3.1% in 2017 and 4.1% in 2018, Interfax reported. “Economic growth rates in oil exporting and importing countries increased. However, the economic growth rate is lower than the rate observed in 2000-2013”, IMF said. The GDP in CCA rose 2.4% in 2016. Increase of output in Kashagan oil field and steps towards stimulation of the state budget will lead to increase of economic growth rate in Kazakhstan. Oil exporting countries’ GDP will increase 3.1% in 2017, 4.1% in 2018. Last year the economic growth rate in these countries was 2.2%.


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