Kyrgyzstan Registers 7.1% GDP Growth Between January and July 2015

The Kyrgyz economy grew by more than 7% between January and July 2015, according to the Kyrgyz National Statistical Committee. The report alleges that the growth was driven principally by a spike in industrial production and increased investment in its manufacturing industry, which already makes up more than 40% of the Kyrgyz economy.

The report also noted that the much-discussed Kumtor gold mine has played a role in the Kyrgyz economy’s growth. The mine has contributed approximately $2.7 billion to the economy over the past 20 years, although it is expected to contribute even more over the next several months and into next year.

The Asian Development Bank’s forecast for the economy is optimistic; it augurs, for instance, that the economy will continue to grow as a result of the recovery of the textiles and agroprocessing industries.

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