World Bank and IMF See Economic Slowdown Across Central Asia and the Caucasus
The World Bank and International Monetary Fund are predicting growth rates to slow in the coming years across Central Asia and the Caucasus. Azerbaijan is projected to be the lone state in the two regions to buck the trend and register moderate growth. The economic disruption created by the US-Israeli blitz on Iran is a wild-card factor affecting growth projections, according to the two banks’ most recent updates. The World Bank’s Economic Update for the Europe and Central Asia region also cites geopolitical tensions and trade fragmentation…