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NEWS

Uzbekistan's economy to grow by 7 percent in 2012: IMF

19 April 2012

http://www.xinhuanet.com of 4/19/2012 - The International Monetary Fund (IMF) has forecast Uzbekistan's gross domestic product (GDP) to grow by 7 percent in 2012, local media reported on Wednesday.

The IMF said in the April 2012 edition of its World Economic Outlook that the inflation rate in Uzbekistan for 2012 could stand at 12.7 percent from 12.8 percent last year.

The Asian Development Bank (ADB) said last week that Uzbekistan 's GDP to grow by 8 percent and inflation would be 9.5 percent this year.

Uzbekistan has averaged 8 percent GDP growth since the mid- 2000s.