Opening Asia for Russia

EDB predicts recovery of economic activity this year

16.09.2020 120 просмотров

The Eurasian Development Bank (EDB) predicts that if the quarantine imposed due to the coronavirus is eased, economic activity in its countries of operations will recover before the end of this year. 

This is stated in the information and analytical review of the EDB, published on Wednesday on the bank's website.

easing quarantine restrictions in the countries of the bank's region of operations in the remainder of the year, which will form the conditions for the recovery of economic activity. We expect a gradual recovery in consumer and investment demand, supported by the authorities' anti-crisis measures,” the review notes.

As the EDB explained, the risks to the forecast remain elevated, as the development of the epidemic situation remains uncertain, and the likelihood of increased geopolitical tensions is saved. “The latter could have a significant negative impact on the business climate in the region,” the document says.

For reference:

The EDB is an international financial organization established by Russia and Kazakhstan in January 2006 to promote the development of the market economy of the member states, their sustainable economic growth and the expansion of mutual trade and economic ties. The authorized capital of the EDB is $7 billion. Now the member countries of the bank are Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia and Tajikistan.

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