中亚学院：2025年第17期季度经济监测报告（英文版）

Driven by services, partially by manufacturing, GDP growth further accelerated in most CAREC economies in the first quarter of 2025 from the already strong growth of 2024. As indicated by retail sale figures, especially household consumption supported this growth. Industrial production results were more mixed, and divergent between countries, partially affected by ongoing volatility in mining. International Financial Institutions expect some slowdown in real GDP growth for most CAREC economie