The external conditions for the economies of the Eurasian region can worsen in 2023, the Eurasian Development Bank said in its report.

A relatively high growth rate of 4.2% due to government support measures and an increase in domestic demand is expected in Armenia.

The economic slowdown in Russia will slow to 2%.

Tightening financial conditions will lead to contraction of GDP in developed countries in 2023. Due to the slowdown of the world's three largest economies, global GDP growth will slow from 2.4% in 2022 to 1.5% in 2023. Weakening economic activity will begin to curb inflation next year.  Signs of weakening inflationary pressures may push developed country central banks to end the cycle of monetary policy tightening as early as the first half of 2023. In the medium term, the U.S. interest rate will be maintained near 3%.