Tashkent, Uzbekistan, May 12
By Demir Azizov– Trend:
Uzbekistan’s real GDP will grow 7.6 percent in 2017, according to the World Bank’s ‘Trade in Transition’ Europe and Central Asia (ECA) Economic Update.
Uzbek economy will grow 7.7 percent in 2018 and 7.8 percent in 2019, said the report.
The WB expects that agriculture production growth in Uzbekistan will amount to 6.5 percent in 2017, 2018 and 2019, industry production – 7.1 percent in 2017 and 7.2 percent in 2018 and 2019.
The growth of service sector in Uzbekistan is forecasted at 8.3 percent in 2017, 8.5 percent in 2018 and 8.6 percent in 2019, said the report.
The WB forecasts that gross fixed capital investment in Uzbekistan will grow 9.8 percent in 2017, 10.2 percent in 2018 and 9.8 percent in 2019.
Uzbekistan’s exports will grow 1.4 percent in 2017, 3.2 percent – in 2018 and 5.4 percent in 2019, the report said.
Uzbekistan’s imports will decrease by 1.4 percent in 2017, but grow 2.6 percent in 2018 and 3 percent in 2019, according to the report.
Inflation in Uzbekistan will amount to 8.2 percent in 2017 and 8 percent in 2018 and 2019, the report said.
Uzbek economy’s growth outlook is predicated on continued robust domestic investment, and a gradual recovery of commodity prices, remittances, and private consumption growth, said the WB.
