Uzbekistan Economic Outlook
March 6, 2018After clocking a notable slowdown in 2017, the Uzbek economy seemingly started this year on a strong note: Industrial production rose by a double-digit year-on-year rate in January, supported by higher commodity prices and a healthy external sector. The services sector also grew robustly in January. On the political front, President Shavkat Mirziyoyev fired the head of national security, Rustam Inoyatov, regarded as the country’s second most influential politician after the president on 31 January. Although the move has sparked concerns of further power consolidation, it should help the president push forward with the implementation of market-friendly economic reforms, which Inoyatov had opposed.
Uzbekistan Economic GrowthEconomic growth is set to accelerate in 2018, amid healthy private consumption and fixed investment. Nevertheless, high inflation, slow implementation of structural economic reforms, and volatile commodity prices will continue to generate uncertainty in the short-to-medium term. FocusEconomics panelists expect GDP to grow 6.2% in 2018, which unchanged from last month’s forecast, and also 6.2% in 2019.
Uzbekistan Economy Data
5 years of Uzbekistan economic forecasts for more than 30 economic indicators.
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|Exchange Rate||8,140||0.0 %||Mar 15|
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