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Economy
21/04/2010
IMF raises forecast on economic growth of Uzbekistan in 2010
IMF raises forecast on economic growth of Uzbekistan in 2010
Tashkent, Uzbekistan (UzDaily.com) --
International Monetary Fund (IMF) raised its forecast for economic growth of Uzbekistan in 2010 from 7% to 8%. The organization also said Uzbekistan’s real gross domestic product (GDP) will increase by 7% in 2011.
IMF published a report “World Economic Outlook” on Wednesday, 21 April 2010, which reviews economic situation in the world and makes forecasts for upcoming years.
IMF also corrected its previous forecast of Uzbekistan’s GDP growth in 2009. The organization forecasted in its October 2009 report that Uzbekistan will record 7% GDP growth in 2009, but in new report, it said real GDP in the country rose by 8.1%.
According to IMF, consumer prices in Uzbekistan will decrease from 14.1% in 2009 to 9.2% in 2010. Next year, the inflation will rose to 9.4%.
Current account balance will remain unchanged at the level of 2009 this year - 5.1%. IMF said it will decrease by 0.1 percentage points in 2011 to 5%.
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