News Column

Uzbekistan's GDP to make 7% this year – World Bank

June 15, 2014

The World Bank retained Uzbekistan's GDP growth forecast at 7% in 2014 and at 6.7% in 2015, according to a report "Global Economic Prospects".

The export of gas will help the economic growth of Uzbekistan. But low prices for cotton and gold, as well as the poor economic situation at the main export markets (Russia, Turkey, Ukraine and China) will not allow to achieve 8% GDP growth, as it was in the past 10 years.

The current account balance in Uzbekistan may reach 2.1% of GDP this year against 1.2% in 2013, 1.8% in 2015, and 0.7% in 2016.

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Source: AKIpress News Agency (Kyrgyz Republic)

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