Notwithstanding challenges such as geopolitical tensions potentially causing geoeconomic fragmentation, climate change accompanied by more frequent natural disasters and increasing water scarcity, woes in the PRC’s real estate sector, receding but partially still high inflation, real GDP growth in the CAREC region was generally relatively strong in the CAREC region in 2023 and is forecast by main International Financial Institutions (IFIs) to remain so also in 2024 and 2025. This opens a
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