Bank analysts indicate that such growth will be ensured by an increase in investments in key sectors, including transport, energy, water supply, and housing construction. They also predict that by the end of 2026, the inflation rate will decrease to 8.3 percent, which will help contain the growth of tariffs and excise duties. The average exchange rate of the som is expected to be 89.2 next year, supported by the growth of remittances and high gold prices—the country's main export product.
In its report, the EDB also presented assessments of the current situation in the global economy and the Eurasian region. It is expected that the global economy will develop at a moderate pace, gradually adapting to new trade conditions. While developed countries will demonstrate weak growth, countries with large emerging markets will maintain high activity.
In the United States, economists forecast growth of 1.6 percent in 2026, although the high level of public debt may limit investments. Nevertheless, the development of IT infrastructure will contribute to maintaining economic activity.
In the eurozone, growth will also remain low—around 1.1 percent, supported by increased government investments in defense and infrastructure.
The Chinese economy, on the other hand, will grow at a high rate, with a forecast of 4.6 percent for 2026, thanks to measures to stimulate domestic demand.
The economy of the Eurasian region, in turn, will continue to grow steadily at a rate of 2.3 percent by the end of 2026. It is expected that the situations in global markets and the economy will not create serious obstacles to this growth, although they will not be its main drivers. Most countries in the region will demonstrate high growth rates due to active investment activity, while inflation will gradually decrease to target levels, with price growth slowing to 6.3 percent.
