The EBRD lowered Kyrgyzstan’s 2023 economic growth projection from 7.0% to 4.6%. Growth decelerated to 2.9% until July 2023, attributed to a sharp decline in base metals, predominantly gold, and a contraction in agriculture (1.7% YoY). Conversely, the textile industry surged by 40.2%, and tourism growth propelled increases in several related sectors.