Uzbekistan Economic Outlook
October 30, 2018The economy grew 5.2% annually in the January–September period, driven by a strong services sector and solid industrial output. Industrial activity was propped up by soaring mining and quarrying production, largely thanks to a booming natural gas sector. In addition, construction activity expanded robustly in the same period, supported by buoyant demand for real estate amid easing inflationary pressures. On 19 October, authorities began preparatory work on the country’s first nuclear plant, estimated to cost USD 11 billion and largely financed by Russia, in a bid to further strengthen Uzbekistan’s energy sector. The government has also signed multibillion-dollar economic and investment deals with Russia and the U.S. as the country continues its pro-liberal economic policy push.
Uzbekistan Economic GrowthIn 2019, growth should remain solid on the back of sustained government spending, healthy capital investment and a growing inflow of remittances from Russia. Met the why particular panelists expect the economy to expand 5.1% in 2019, down 0.4 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||8,271||0.0 %||Nov 15|
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