Eurasian economies to grow by up to 9.3% in 2026: EDB

Eurasian economies are set to expand by as much as 9.3 per cent in 2026, supported by resilient domestic demand and investment activity, according to the latest Macroeconomic Outlook for 2026–2028 released by the Eurasian Development Bank (EDB).

Globally, the EDB expects the economy to grow at a slightly slower pace than in 2024–2025 as countries adjust to new trade restrictions. US GDP growth is forecast at around 1.6 per cent in 2026, while the eurozone economy is expected to expand by 1.1 per cent. China is projected to grow 4.6 per cent, underpinned by measures to stimulate domestic demand.

The Bank projects aggregate GDP growth of 2.3 per cent across its seven member states in 2026, despite slower global economic expansion and persistently high interest rates. Growth is forecast at 5.3 per cent in Armenia, 1.8 per cent in Belarus, 5.5 per cent in Kazakhstan, 9.3 per cent in the Kyrgyz Republic, 1.4 per cent in Russia, 8.1 per cent in Tajikistan and 6.8 per cent in Uzbekistan.

Commodity markets are expected to show mixed trends. Lower oil prices may constrain export revenues in energy-producing economies such as Kazakhstan and Russia, while benefiting oil-importing countries by improving terms of trade and moderating inflation, EDB said in a release.

The EDB expects the region’s economic growth to stabilise after slowing to 1.9 per cent in 2025 from 4.5 per cent in 2024. Inflation across the region is forecast to ease gradually to 6.3 per cent in 2026, reflecting prudent monetary policies and the absence of major external shocks.

Eurasian economies are expected to record growth of up to 9.3 per cent in 2026, led by strong investment and domestic demand, according to the Eurasian Development Bank.
While global growth remains moderate and interest rates stay elevated, Central Asian countries are projected to outperform.
Regional GDP growth is forecast at 2.3 per cent, with inflation gradually easing.

Fibre2Fashion News Desk (HU)