Uzbekistan Economic Outlook
October 3, 2017Continuing on its reform path, the government aims to achieve full currency convertibility by 2019 after lifting of currency exchange controls last month. The move will likely encourage private business and foreign investment, which has been lagging significantly compared to regional peers. To further improve the business environment, the government started preparations to obtain a sovereign credit rating that would enable Uzbek banks and companies to raise funds in global financial markets. The liberalization of exports adds to the prospect of foreign currency flowing into the country. Along the same reformist lines, the Central Bank has been instructed to develop an inflation targeting framework to be approved by 1 March 2018.
Uzbekistan Economy Data
5 years of Uzbekistan economic forecasts for more than 30 economic indicators.
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
|Exchange Rate||8,059||0.08 %||Oct 16|
|Stock Market||0.1||0.0 %||Oct 16|
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Uzbekistan Economic Growth
October 3, 2017Economic reforms should improve macroeconomic fundamentals and attract foreign investment. The outlook for the economy in the short term, however, depends on the evolution of commodities prices. FocusEconomics panelists foresee GDP growing 6.4% in 2017. In 2018, the panel sees the economy expanding 6.5%, which is unchanged from last month’s forecast.