Uzbekistan Economic Outlook
November 27, 2018The economy appears to have continued expanding at a healthy clip in January–October, with strong growth in retail sales and a solid expansion in industrial output—bolstered by soaring mining and quarrying output, particularly of natural gas—propelling growth. Retail trade also shifted into a slightly higher gear in January–October compared to January–September, driven by booming sales among large businesses. In addition, construction activity remained upbeat in the same period amid healthy demand for real estate from both businesses and households. On a less positive note, the external sector continued to disappoint in January–October, in large part due to subdued exports of precious metals.
Uzbekistan Economic GrowthGrowth is expected to remain sturdy next year on the back of sustained government spending, robust capital investment and a growing inflow of remittances from Russia. Met the why particular panelists see the economy expanding 5.0% in 2019, which is down 0.1 percentage points from last month’s forecast, and 5.5% in 2020.
Uzbekistan Economy Data
5 years of Uzbekistan economic forecasts for more than 30 economic indicators.
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|Exchange Rate||8,313||0.0 %||Dec 11|
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