AKIPRESS.COM - The high importance of remittances from Russia increases the impact of negative external demand shocks on the economies of Armenia, Kyrgyzstan and Tajikistan, according to the Eurasian Development Bank report.

The decrease in transfers of labor migrants from the region's largest economy in the risk scenario associated with a slowdown in Russia's GDP growth serves as an additional channel for transmitting the shock of the decline in global economic activity to the output dynamics of Armenia, Kyrgyzstan and Tajikistan.