The IMF revised its 2023 growth forecast for Kyrgyzstan’s economy to 4.2%, up from the previous 3.4%. The Kyrgyz economy expanded by 6.3% in 2022 despite local challenges, with tax revenue increasing and public debt decreasing to 49% of GDP. Inflation decreased to 9.2% YoY in October, but core inflation remains high due to demand pressures. The current account deficit widened to 43.6% of GDP in 2022. The Kyrgyz economy ministry anticipates a 4.5% growth and 10% inflation in 2023.