Tajik economy set to decline next year, says IMF

Nikita Maykov / Shutterstock.com

Tajik economy:  The IMF is forecasting that Tajikistan’s economy will slow down next year due to a combination of the deteriorating global economic environment and the slow pace of internal structural reform.   On the upside, the IMF believes that Tajikistan may benefit from closer economic with China and South Asia.
An IMF mission led by Jonathan Dunn visited the Tajik capital Dushanbe between the 6th and 20th November 20. “Growth is projected to ease to 6.5 percent in 2014 from 7.4 percent last year,” Mr. Dunn said following the visit. “Growth this year is being supported primarily by an extraordinarily rapid expansion of construction (over 27% through September). Declining remittances are weighing on the services sector, and there has been a sharp fall in cotton and aluminium exports due to global market developments.” Times of Central Asia