CAREC Institute Launches Knowledge Sharing Series on Economic Monitoring Insights in the CAREC Region
On 21 May 2025, the CAREC Institute—a knowledge hub promoting economic cooperation and sustainable development in the CAREC region—launched the first session of its Knowledge Sharing Series based on the Quarterly Economic Monitor (QEM) to increase awareness and utilization of its QEM among policymakers, economists, businesses, development partners, and others interested. This would help to facilitate evidence-based policymaking, promote regional cooperation, and support sustainable economic growth.
The session featured four presentations by the CAREC Institute’s Chief Economist team, highlighting key findings from the latest QEM and emphasizing the importance of data-driven analysis in guiding national strategies amidst uncertainties.
Dr. Hans Holzhacker, CAREC Institute’s former Chief Economist, focused on recent developments and outlook in GDP growth and inflation, underlining the region’s solid performance amidst heightened uncertainty. Dr. Elvira Kurmanalieva discussed the possible impact of global trade tensions on CAREC economies and stressed the critical role of coordinated multifaceted policy response to turn global uncertainty into a chance for long-term prosperity in the region. Mr. Tim Lu provided general information on the People’s Republic of China’s 2025 “Two Sessions” and introduced the country’s key economic targets and prioritized working areas for 2025. Dr. Marina Wang provided an overview of Central Asian countries’ WTO accession history, including the progress of Uzbekistan’s negotiations. She also offered a global perspective on Turkmenistan’s ongoing negotiations and noted that, despite the current challenges, the multilateral trading system holds promise.
Looking ahead, the CAREC region should continue adapting to global challenges while seizing new opportunities to ensure sustainable growth and continued economic resilience.
The CAREC Institute’s latest Quarterly Economic Monitor (No. 16) is now available for download in English, Chinese, and Russian.