Uzbekistan Economic Outlook
September 4, 2018Growth lost some steam in the first half of this year, according to preliminary data released by the State Committee of Statistics. GDP expanded 4.9% in H1 on the back of a buoyant services sector, led by stellar financial services growth, and a marked pick up in manufacturing output which spearheaded a solid industrial sector performance in the period. Meanwhile, exports soared in the first half of the year, largely on the heels of booming external demand for Uzbek oil and gas. On the domestic demand front, higher wages likely bolstered private consumption in H1, while fixed investment surged on elevated business investment in the manufacturing and construction sectors.
Uzbekistan Economic GrowthRobust external demand and a favorable global commodity price outlook should prop up industrial activity in the remainder of the year, driving overall growth. In addition, although domestic demand will likely be undermined by high inflation, solid fixed investment growth should provide some support. Met the why particular panelists expect GDP growth of 5.6% in 2018, which is unchanged from last month’s forecast, and 5.6% again in 2019.
Uzbekistan Economy Data
5 years of Uzbekistan economic forecasts for more than 30 economic indicators.
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|Exchange Rate||8,079||0.0 %||Sep 24|
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