Kyrgyzstan’s economic growth in 2023 is expected to be 4.5%, or 1.078 trillion soms, the socio-economic outlook for 2024–2028 showed.
Positive dynamics in investment activity, personal income, and wages, gradual relaxation of borrowing requirements and growth in lending to the economy, and a good labor market scenario accompanied by a positive migrant influx are all needed for development.
These factors will contribute to the continuation of domestic demand in 2023.
Economic policy is likely to be largely stimulative.
Possible hazards include the growth of Russian sanctions, stock market volatility, unfavorable nature and climatic factors, domestic market reliance on food imports, product shortages and high costs, unreliable operation of the energy sector, an increase in the negative trade balance, and a high level of public debt.
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