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Ukraine war fuelling economic growth in Central Asia

Content type:: Expert Briefings
Location:: CENTRAL ASIA
Keywords associated with this article:: Geographic: Central Asia RUCIS China Kazakhstan Kyrgyzstan Russia Tajikistan Turkmenistan United States Uzbekistan Ukraine

Topical: economy industry international relations debt employment energy fiscal foreign investment foreign trade gas growth immigration infrastructure invasion investment labour manufacturing oil prices sanctions war remittances
ISSN:: 2633-304X
Citation:: Oxford Analytica (2024), "Ukraine war fuelling economic growth in Central Asia", Expert Briefings.
https://doi.org/10.1108/OXAN-DB288939

Tuesday, August 13, 2024

Significance

Economic growth in Central Asia has been strong since the COVID-19 pandemic. Shifts in trade and financial flows due to the war in Ukraine have boosted output. Rising investment from China has supported the development of key infrastructure. However, the region’s lack of economic diversification remains a persistent weakness.

Impacts

Rising prices of utilities will require targeted compensation measures to avoid political tensions.
The influence of external financing conditions is growing due to rising external debt and a scheduled increase in looming repayments.
Climate change will heighten the need for regional cooperation in infrastructure development.

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Significance

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