BAKU, Azerbaijan, April 22. Turkmenistan’s inflation rate in 2022 is predicted at 17.5 percent, Trend reports via World Economic Outlook from the International Monetary Fund (IMF).
According to the forecast, inflation in Turkmenistan may slow down to 10.5 percent in 2023 and to 8 percent from 2024 through 2027.
The growth of industrial production is predicted, in the processing of hydrocarbons, electric power, chemical, light and textile industries, as well as construction materials.
Furthermore, low rainfall hindered the development of agriculture, which nevertheless managed to moderately increase the production of cotton and wheat.
Most of the loans in the country were subsidized loans to State-owned enterprises in priority sectors for the Government, while some loans were provided to private producers engaged in import substitution.