Uzbekistan’s economy to grow by 7% in 2009, 2010

Currency rates from 25/09/2024

$1 – 12754.83

UZS – 0.06%

€1 – 14202.50

UZS – 0.31%

₽1 – 137.21

UZS – -0.04%

Back

Economy 24/04/2009 Uzbekistan’s economy to grow by 7% in 2009, 2010

IMF headquarters in Washington

Tashkent, Uzbekistan (UzDaily.com) -- Real gross domestic product (GDP) of Uzbekistan will grow by 7% in next two years, the International Monetary Fund said in its April World Economic Outlook.

The report said that the economy of Uzbekistan will slow down from 9.5% GDP growth in 2007 and 9% in 2008.

Consumer prices in Uzbekistan will fall from 12.7% in 2008 to 12.5% in 2009 and 9.5% in 2010, the report said.

Uzbekistan’s current account balance will decrease from 13.6% in 2008 to 7.7% and 6.8% in next two years.

Uzbekistan is expected to suffer from falling foreign remittances, particularly from migrant workers in Russia.

Stay up to date with the latest news

Subscribe to our telegram channel