News
EAEU Countries Maintained Economic Growth Rates Above Global Average
The meeting of the Advisory Committee on Macroeconomic Policy chaired by Eldar Alisherov, Minister in charge of Integration and Macroeconomics, reviewed the report for 2024 on the results and prospects of social and economic development and measures taken by the Member States in the field of macroeconomic policy. The economic growth rate as of year-end 2024 exceeded the global average: total GDP increased by 4.4%. Most of the key macroeconomic indicators demonstrated an upward trend.
The measures taken by the Member State were aimed at ensuring macroeconomic stability, as well as timely imbalance prevention and settlement.
The meeting was presented with the results of monitoring macroeconomic indicators that determine the sustainability of economic development of the Eurasian Economic Union states. It was noted that, in general, most EAEU countries maintain fiscal and debt sustainability. At the same time, achieving price stability remains one of the priorities of the macroeconomic policy of the Member States.
The meeting participants discussed amendments to the Procedure for Approving Interval Quantitative Values of External Forecast Parameters Used to Prepare Official Forecasts of Social and Economic Development to improve the forecasting system approaches.
The Advisory Committee on Macroeconomic Policy is an advisory body under the Board of the Commission that ensures the preparation of opinions, proposals, recommendations, and consulting on the issues of agreed macroeconomic policy within the Eurasian Economic Union.
In accordance with Article 63 of the Treaty on the EAEU, the macroeconomic indicators that determine the sustainability of economic development include the inflation rate, the budget deficit of the public administration sector and the debt of the public administration sector.
