Russia’s neighboring states experiencing economic boom – EDB ...News

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Russia’s neighboring states experiencing economic boom – EDB
source : Russia Today ( News ) () 83
The Eurasian Development Bank reported record growth in the region in 2024 Economies within the Eurasian Economic Union (EAEU) have been growing rapidly, boosted by Ukraine-related Western sanctions and soaring demand, with their collective GDP exceeding 4% this year, according to the Eurasian Development Bank (EDB). In its latest macroeconomic forecast for 2025-2027 on Thursday, the cumulative GDP of the five-nation economic bloc comprising Russia, Kazakhstan, Belarus, Armenia, and Kyrgyzstan will grow by 4.2% in 2024, outpacing the global average of 3.2%. The report also included Tajikistan, which is not an EAEU

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