The economies of Eurasian countries will grow by 9.3% in 2026. The combined GDP growth of the seven EDB member states will amount to 2.3% in 2026, with Kyrgyzstan (9.3%), Tajikistan (8.1%), Uzbekistan (6.8%) and Kazakhstan (5.5%) remaining leaders, according to the macroeconomic forecast of the Eurasian Development Bank (EDB). GDP growth in 2026 will be 5.3% in Armenia, 1.8% in Belarus and 1.4% in Russia.
At the same time, inflation in the region will continue to slow, reaching 6.4% in 2026, thanks to prudent monetary policy.
„Investment remains the main driver of growth in the region, especially in manufacturing and mining, energy and construction. Commodity markets will move in mixed directions: oil prices will fall slightly, while metal and gold prices will remain high.“ The dollar is gradually losing its share in central bank reserves, but its role in payments remains stable“, EBR analysts note.
At the same time, according to EBR analysts, the world economy will grow at a slightly slower pace than in 2024-2025, and will gradually adapt to new trade restrictions. In the United States, growth is expected to be around 1.6% in 2026, against the backdrop of a tariff conflict and high debt levels. The eurozone economy will expand by 1.1%, mainly due to increased government spending on defense and infrastructure. China will remain the engine: the country's economy could grow by 4.6% in 2026, supported by government stimulus for domestic demand.