DUSHANBE, Tajikistan, November 29. The European
Financial institution for Reconstruction and Growth (EBRD) notes that
Tajikistan’s economic system sustained robust development within the preliminary half of
2023, Development
reviews.
The financial institution’s economists spotlight that the nation’s GDP expanded
by 8.3 p.c year-on-year throughout this era, attributed to
elements reminiscent of China’s reopening after COVID, ongoing demand for
Tajik employees in Russia, and energetic public spending.
The EBRD additionally indicated a 27.1-percent enhance in mounted capital
funding within the first six months of the yr, primarily directed
in the direction of the transport and power sectors.
Moreover, industrial manufacturing, encompassing export-oriented
mining actions, rose by 10.3 p.c year-on-year. Particularly,
manufacturing noticed a development of 14.2 p.c, agriculture elevated
by 7.9 p.c, and cargo transportation surged by 12.3
p.c.
In line with the financial institution, the rise in hospitality sector by
14.4 p.c and retail commerce turnover by 10.4 p.c exhibits that
individuals proceed to spend extra attributable to constant cash despatched residence and
rising wages, which rose by 14.2 p.c in comparison with Could
2023.
Concurrently, EBRD expects Tajikistan’s GDP to develop by 7.5
p.c in 2023. The nation’s GDP was 8 p.c in 2022, 9.4
p.c in 2021, and 4.4 p.c in 2020.