Uzbekistan Economic Outlook
March 5, 2019The economy seems to have kicked off this year on a solid footing, following a healthy industrial sector-led expansion last year. Upbeat industrial production growth carried over into January, on the back of robust output growth in the manufacturing, and mining and quarrying sectors. In addition, retail trade continued to grow in January, pointing to sustained consumer demand at the beginning of the year. On the external front, strong export growth also carried over from 2018, amid soaring demand from China and Russia. Meanwhile, on 13 February, Moody’s assigned Uzbekistan a B1 sovereign credit rating with a stable outlook. On the same day, and for the first time in its history, Uzbekistan sold USD 1.0 billion of Eurobonds.
Uzbekistan Economic GrowthGrowth should remain strong this year, on the back of upbeat public spending and robust investment growth against the backdrop of ongoing reforms and improving business conditions. The reform process remains both a key upside and downside risk to the outlook as the government’s policy agenda is put to the test. Our panelists expect GDP to grow 5.0% in 2019, unchanged 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||8,378||0.0 %||Mar 20|
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