Central Asian economies are expected to slow down because of the ongoing geopolitical tensions and the recession in Russia, according to the Asian Development Bank's Asian Development Outlook 2015 report.
In 2015 the South Caucasus economies will continue to feel the heat of Russia’s slowdown and low oil prices, with geopolitical developments leaving the outlook highly uncertain, according to the Asian Development Bank.
March 25, 2015
- Iana Dreyer in Brussels, Mike Collier in Riga
Hopes Kazakhstan would be able to join the WTO in early 2015 risk being dashed after its chief Azevedo revealed that Kazakhstan’s membership in the Eurasian Economic Union is making the process more complicated.
Some worry that President Sargysan’s victory over Prosperous Armenia is the beginning of a new phase of authoritarianism in Armenia – particularly in light of the Caucasian country's membership of the EEU.