ISET’s international experiences are continuing to diversify, as APRC researchers gave a series of presentations at the “Regional and International Cooperation in Central Asia and South Caucasus: Recent Developments in Agricultural Trade” conference which took in Samarkand, Uzbekistan, between November 1-4. The conference was jointly organized by the Leibniz Institute of Agricultural Development in Transition Economies (IAMO), the Food and Agriculture Organization of the United Nations (FAO) and the Samarkand Agricultural Institute.
On November 2, ISET hosted Francois Painchaud, the IMF Resident Representative in Georgia. Mr. Painchaud presented the 2016 November Regional Economic Outlook for the Caucasus and Central Asia, highlighting three main areas: global and regional environment, outlook and policy actions, and policy priorities.
At the beginning of the presentation, Mr. Painchaud overviewed the main trends in the global and regional environment. Firstly, the IMF predicts lower real GDP growth in 2016 relative to the previous year. This tendency is mainly driven by growth slowdown in the US, Eurozone and China. Secondly, predictions for 2017 are much more optimistic, mainly at the expense of higher growth projections in the US, Russia and emerging markets.