Among the factors contributing to this economic growth, the acceleration of industrial production stands out. In February, growth in this sector was 14.7%, while in January it was at 12.5%. The main reasons for this increase were:
- an 11.1% increase in the production of key metals;
- a 1.8-fold increase in the extraction of metallic ores.
Moreover, domestic demand continues to serve as a reliable foundation for economic development. The wholesale and retail trade sector demonstrated an increase of 11.4%, while the volume of investments in fixed assets rose by 8.4%.
However, EDB analysts emphasize that to maintain such dynamics, Kyrgyzstan needs to carry out large-scale modernization of its energy infrastructure. The wear and tear of networks, which stands at 70%, and the lack of generating capacity could become serious obstacles to further industrial growth.
