EDB cautiously optimistic as to recovery of growth, trade in member countries
- Written by TCA
BISHKEK (TCA) — Despite the risks that remain due to low raw material prices and the condition of the global economy, the development of Eurasian Development Bank (EDB) countries (Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, and Tajikistan) in the first six months of 2016 suggests they do adapt gradually to the shocks of several recent years. Negative trends in EDB economies that aggravated in 2015 because of falling raw material prices weakened to some extent, and the region's economies began to improve their macroeconomic indicators in the first six months of 2016, including leading indicators, the rates of exchange, inflation expectations, and stabilization in the financial markets, EDB said with reference to the findings made in The Macroeconomic Review prepared by the Chief Economist Group at EDB.
