Fiscal Balance in Uzbekistan
Uzbekistan - Fiscal BalanceGrowth accelerated in the second quarter and seemingly gathered further steam at the outset of the third quarter. The acceleration in the second quarter was underpinned by booming construction activity, with robust output growth in the manufacturing, and mining and quarrying sectors boosting the overall expansion further. In July, the all-important manufacturing sector kicked into a higher gear, while construction activity remained elevated. This, coupled with a pick-up in retail trade and stronger merchandise export growth, hinted at quickening GDP growth at the outset of Q3. In other news, on 20 August, Uzbekistan’s Central Bank lifted trading restrictions on foreign exchange and removed the floating exchange rate corridor, effectively liberalizing the exchange rate regime in a move to further open up the country’s economy to foreign investors.
Uzbekistan - Fiscal Balance Data
|Fiscal Balance (% of GDP)||0.3||0.2||0.1||0.1||0.1|
5 years of economic forecasts for more than 30 economic indicators.
Uzbekistan Fiscal Balance Chart
Source: Ministry of Finance of the Republic of Uzbekistan
|Exchange Rate||9,385||0.0 %||Sep 04|
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