The growth of the total GDP of the member countries of the Eurasian Economic Union (EAEU) at the end of this year may exceed 3%, which is lower than last year’s figure. This was stated on Friday by Prime Minister of Kazakhstan Alikhan Smailov during an expanded meeting of the Eurasian Intergovernmental Council.
“The economies of the EAEU member states were quite actively recovering last year and reached the pre-pandemic level. At the end of 2021, the union’s GDP growth amounted to 4.5%. At the same time, experts predict a slowdown in global economic growth in 2022. It is expected that the union’s GDP growth this year will be 3.1%,” he said.
According to him, this year geopolitical tensions and high inflation continue to be the main challenges for the countries of the association. “However, as practice shows, we have learned to quickly and smoothly respond to the new economic reality,” the head of government said.