BAKU, Azerbaijan, October 2. The Asian
Development Bank (ADB) has raised its 2025 progress forecast for the
Caucasus and Central Asia to five.5%, citing sturdy efficiency in
Kazakhstan, however lowered its 2026 projection to 4.9% as a result of anticipated
declines in Azerbaijan’s hydrocarbon output, Trend reviews.
In the primary half of 2025, progress throughout the area was buoyed
by sturdy exercise in building, commerce, and companies.
Kazakhstan’s economic system expanded by 6.2%, pushed by larger oil
manufacturing, infrastructure funding, and beneficial properties in manufacturing
and companies. Uzbekistan grew 7.2%, supported by consumption,
funding, and robust gold exports. Kyrgyzstan posted 11.7%
progress, with notable beneficial properties in building and commerce, whereas
Tajikistan recorded 8.1%, supported by business and remittances.
Turkmenistan reported regular 6.3% progress, underpinned by
agriculture, companies, and enormous public investments.
Georgia additionally reported sturdy momentum within the first half of the
12 months, with growth in companies, business, and building. By
distinction, Azerbaijan’s progress slowed as hydrocarbon manufacturing and
companies weakened, regardless of a pickup in building.
According to the ADB, upward revisions for Kazakhstan and
Georgia offset decrease forecasts for Azerbaijan, Kyrgyzstan, and
Turkmenistan in 2025. However, declines in Azerbaijan’s vitality
sector are anticipated to weigh extra closely on regional progress in
2026.
