Story perspectives

World Bank Forecasts Mixed Growth for Central Asia, Europe

4/9/2026

Summary

Central Asia's Growth

The World Bank projects Central Asia and Europe to grow 2.1% in 2026, influenced by the Middle East conflict and rising energy prices.
Russia's economy is expected to grow by 0.8%.
Ukraine's growth is projected at 1.2% due to ongoing military actions.
Kyrgyzstan's economy is growing rapidly, with an 11.1% projected GDP increase.
Experts say reforms are needed to boost competitiveness and support dynamic sectors amid geopolitical tensions posing risks.

Summary

Gulf Economies Decline

The World Bank projects Gulf economies will slow significantly, with growth dropping from 4.4% in 2025 to 1.3% in 2026.
Qatar and Kuwait are forecast to experience severe contractions of 5.7% and 6.4%, respectively.
The downturn follows the effective closure of the Strait of Hormuz and damage to oil and gas production facilities in the region.

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Central Asia's Growth

The World Bank projects Central Asia and Europe to grow 2.1% in 2026, influenced by the Middle East conflict and rising energy prices.
Russia's economy is expected to grow by 0.8%.
Ukraine's growth is projected at 1.2% due to ongoing military actions.
Kyrgyzstan's economy is growing rapidly, with an 11.1% projected GDP increase.
Experts say reforms are needed to boost competitiveness and support dynamic sectors amid geopolitical tensions posing risks.

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