The Economy Of The Five Central Asian Countries Continues To Recover(1)

The economy of the five Central Asian countries continues to recover(1)

At the recent Kazakhstan government meeting, Kazakhstan’s Prime Minister Ma Ming stated that Kazakhstan’s GDP has increased by 3.5% in the first 10 months of this year, and that “the national economy has grown at a stable rate”. With the gradual improvement of the epidemic situation, Uzbekistan, Tajikistan, Kyrgyzstan, and Turkmenistan, also located in Central Asia, have gradually entered the track of economic recovery.

Statistics show that since April this year, Kazakhstan's economy has achieved positive growth, and many economic indicators have turned from negative to positive. As of the end of October, the pharmaceutical industry has grown by 33.6%, and the automobile manufacturing industry has grown by 23.4%. Kazakh Minister of National Economy Ilgaliev pointed out that industrial manufacturing and construction are still the main driving forces of economic growth. At the same time, the service industry and import and export maintain an accelerated growth momentum, and the market is actively investing in non-extractive industries.

As the second largest economy in Central Asia, Uzbekistan's GDP increased by 6.9% in the first three quarters. According to Uzbekistan's official statistics, in the first nine months of this year, 338,000 new jobs were created in the country.