The World Bank is forecasting generally slower growth for the upcoming two years in the nations of the Caucasus and Central Asia.

The forecast by the World Bank released this month, named Global Economic

Prospects, anticipates that Georgia and Azerbaijan will face the largest decreases in real GDP growth among all Caucasian and Central Asian countries.

Georgia, which is dealing with a political crisis Brunei phone number list triggered by the government’s abrupt geopolitical shift away from the West, is expected to see its annual real GDP growth rate decline from an estimated 9 percent in 202
to 5 percent by 2026. Azerbaijan’s growth rate is expected to drop from last year’s
percent to 2.
percent in 2026, due to a projected decrease in oil production. The growth rate for Armenia is anticipated to moderately decline from 5.5 percent last year to
.6 percent next year.

Economic growth in the majority of Central Asian nations is expected to largely remain stable, or show slight declines in growth in the years ahead. An increase in oil exports is anticipated to elevate Kazakhstan’s growth rate in 2025 to
.7 percent from last year’s estimated rate of
percent.

However, the country’s rate in 2026 is projected to revert back to 3.5 percent

Tajikistan is predicted to be Central Asia’s poorest Cell Phone Number Database economic performer with the growth rate expected to fall to 5 percent in 2026 from last year’s figure of 8 percent.

Growth rates in Kyrgyzstan and Uzbekistan are anticipated to stay relatively stable over the next two years at
.5 percent and 5.8 percent respectively. The World Bank did not provide economic data for Turkmenistan.