Uzbekistan Economic Outlook
February 6, 2018The Uzbek economy expanded 5.3% in 2017, a substantial slowdown from 2016’s 7.8% increase and the slowest print since 2003. Growth in 2017 was weighed down by a softer expansion in construction, investment and agriculture, despite higher prices for cotton, a key export. In addition, retail trade expanded a soft 2.4% in 2017, a steep drop from the 14.4% expansion in 2016. The sharp moderation partly reflected the impact of the currency devaluation in early September, which had caused inflation to spike and real disposable income to drop. It also underscored the short-lived impact that many market-friendly reforms pushed ahead by the government to attract foreign investment are having on the economy.
Uzbekistan Economic GrowthThe economy is expected to accelerate this year from 2017’s muted growth rate as prices for commodities trend higher. The implementation of market-friendly reforms, however, will constrain growth in the near term. Met the why particular panelists expect GDP to grow 6.2% in 2018, which is down 0.2 percentage points from last month’s forecast, and 6.1% in 2019.
Uzbekistan Economy Data
5 years of Uzbekistan economic forecasts for more than 30 economic indicators.
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|Exchange Rate||8,183||0.0 %||Feb 22|
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