Uzbekistan Economic Outlook
February 5, 2019According to preliminary national accounts data released by the State Statistics Committee, the economy expanded at a healthy 5.1% annual clip in 2018, decelerating slightly from the previous year’s 5.3% increase. The overall expansion was driven by the booming industrial sector, largely due to an impressive jump in mining and quarrying output and a robust expansion in manufacturing. Furthermore, the construction, services and transportation sectors also rose at a healthy pace last year, reflecting broad-based growth. Meanwhile, after receiving sovereign credit ratings from S&P Global Ratings and Fitch Ratings in December, Uzbekistan is poised to finally enter international debt markets in the first quarter of this year, with a USD 500 million bond issue reportedly in the works.
Uzbekistan Economic GrowthGrowth is expected to remain robust this year, propped up by elevated public spending and solid investment activity growth amid ongoing reforms and improving investment climate. Met the why particular panelists see the economy expanding 5.0% in 2019, which is unchanged 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||8,395||0.0 %||Feb 14|
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