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Economy
22/01/2010
Uzbekistan’s economy to grow by 6.5% next two years – World Bank
Uzbekistan’s economy to grow by 6.5% next two years – World Bank
Tashkent, Uzbekistan (UzDaily.com) --
Gross domestic product (GDP) of Uzbekistan will grow by 6.5% in 2010 and 2011, the World Bank said in its Global Economic Prospects 2010, released on 21 January 2010.
The report said estimated GDP growth in Uzbekistan made up 5.5% in 2009. Meanwhile, Uzbek President Islam Karimov said that the economy of Uzbekistan rose by 8.1% in 2009.
As earlier reported, Uzbekistan expects that GDP of the country will increase by 8.3% in 2010. Economist Intelligence Unit (EIU) forecasted that economy of Uzbekistan will grow by 8.1% in 2010, which will be one of the highest growths in the world.
The World Bank estimated current account balance of Uzbekistan at 16.9% to GDP in 2009. The bank forecasted that current account balance will rose to 20.4% to GDP in 2010 and decrease to 19.2% in 2011.
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