CAREC Quarterly Economic Monitor No.3
Our third CAREC Quarterly Economic Monitor shows that an average CAREC region real GDP growth finally turned positive in the first quarter of 2021, after negative growth rates throughout 2020. The recovery was especially strong in the People’s Republic of China (PRC). Countries with a high share of exports going to the PRC, such as Mongolia and Turkmenistan, also profited from this. Higher fuel and metal prices benefitted the CAREC net exporters of mineral fuels and metals.
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