Uzbekistan Economic Outlook
October 4, 2016Parliament appointed Prime Minister Shavkat Mirziyoyev as acting President on 8 September following the death of authoritarian and long-serving President Islam Karimov. Mirziyoyey was given his new position after the Senate leader, who under the constitution should have become interim President, stood aside. Mirziyoyev’s appointment fueled expectations that he will emerge as the winner of the upcoming presidential elections, which are scheduled for 4 December and will likely fall short of international standards. Mirziyoyev has pledged to preserve political stability, stabilize the weakening currency, improve the banking system, consolidate the country’s fiscal accounts and boost employment.
Uzbekistan Economy Data
5 years of Uzbekistan economic forecasts for more than 30 economic indicators.
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|Exchange Rate||3,084||0.61 %||Oct 24|
Uzbekistan Economic Growth
October 4, 2016Even though recent developments have reduced the risk of a political crisis over the presidential succession, Uzbekistan’s economy is still set to decelerate considerably this year. Negative spillovers from economic weakness in the region, particularly in Russia, subdued exports and weak remittances will all limit growth. Our panelists see the economy expanding 5.7% in 2016, which is down 0.3 percentage points from last month’s forecast. For 2017, the panel sees growth rising to 6.2%.