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NEWS

WB: Uzbekistan’s economy to grow by 7.4% in 2015

www.uzdaily.com
14 January 2015

Economy of Uzbekistan will grow by 7.4% in 2015, newly published report of the World Bank Global Economic Prospects (GEP) said.

Earlier, in June 2014, the experts of the World Bank forecasted that the growth of gross domestic product (GDP) of Uzbekistan will increase by 6.7% in 2015.

World Bank also improved its forecast on growth of GDP of Uzbekistan in 2016. Earlier, the World Bank forecasted that Uzbekistan's economy will post 6.7% growth in 2016, now the forecast is 8.2%. According to the report, GDP of Uzbekistan will grow by 8.1%.

In line with the estimates of the World Bank, the GDP of Uzbekistan grew by 7.9% in 2014. In June 2014, the bank forecasted that economy will increase 7% in 2014.

Current account balance in 2014 made up 1.7% to GDP (June forecast - 2.1% to GDP), the report of the World Bank said. The figure will make up 1.5% in 2015 (June forecast - 1.8%) and 1.7% in 2016, as well as 1.3% in 2017, the report noted.