Asian Development Bank revised its outlook on Central Asian states

/REUTERS, Almaty, April 29, 04/ - Asian Development Bank upgraded its outlook on GDP growth of all Central Asian economies except for Kyrgyzstan in 2004, the bank informed. Forecasted figures are published in bank's regular report Asian Development Outlook 2004. According to bank analysts, high world prices on oil, natural gas, cotton and aluminum will positively affect economic growth of Kazakhstan, Tajikistan, Turkmenistan and Uzbekistan. At the same time, Kyrgyzstan will encounter gold produce cut at largest Kumtor field that yields nearly 30 per cent of country's industrial output. Following are actual and budgeted GDPs of Central Asian countries, reported by the bank: ---------------------------------------------- 2003 2004 2005 ------ ----------------- -------- ------ -------- -------- -------- Actual Previous Revised Forecast forecast forecast ------------ ------ -------- -------- -------- Kazakhstan 9.2 7.0 9.5 9.5 Kyrgyzstan 6.7 5.0 4.1 4.5 Tajikistan 10.2 4.0 8.0 5.0 Turkmenistan 10.0* 7.5 10.0 10.0 Uzbekistan 4.4 3.0 4.0-4.5 4.0 ---------------------------------------------- * - according to official statistics, Turkmen GDP rose by 18.1 per cent in 2003. [2004-04-29]