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Bishkek (AKIpress) - The GDP growth in Tajikistan decelerated owing to the lower growth in Russia and the unfavorable terms of trade in the international markets for Tajik exports (aluminum and cotton), but it continues to be high at 7% in annual terms, according to the CIS Macromonitor published by the Eurasian Development Bank's Research Department.
There is a notable improvement in the performance of industry (+3.6%) that is explained by the high rate of growth of the extracting industry and the faster growth in many sectors of the processing industry offsetting the recession in the metals (-27.6%) and textile industries (-33.6%).
The trade deficit deteriorated significantly in the first quarter of 2014 (-$699.8 million compared to -$476.3 million). Due to lower aluminum and cotton exports both in volume and nominal terms, the country’s exports dropped by 37.1% while imports continued growing at a high rate (+10.7%).