EDB experts predicted Tajikistan’s inflation to rise to more than 10%

Posted: April 10, 2012 in Economy and Resources, Resources, Tajikistan

According to the IMF and other international organizations, GDP growth may slow down to 6% in 2012, while inflation will be about 8%.

Eurasian Development Bank experts have forecasted a rise in Tajikistan’s inflation to more than 10% on an annualized basis, CA-NEWS reports. As of the beginning of 2012, the country’s total amount of foreign debt exceeded 2.1 billion US dollars. The foreign debt to GDP made up 33% in absolute terms. The last year’s economic growth at 7.5% and a relatively moderate inflation reduced the level of foreign debt to GDP. Most of the debts account for China as well as international organizations. Within the context of high prices of basic export commodities, such as aluminum and cotton, as well as continued growth in the economies of trade partners, the Tajik authorities expect this year’s GDP growth at 8% with an increase in

via EDB experts predicted Tajikistan’s inflation to rise to more than 10%.

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