ADB: Uzbekistan’s economy to grow by 8% in 2014

It is worth to mention that the ADB earlier forecasted that the economy of Uzbekistan will post 8% growth in 2014.

According to the ADB, inflation rate in Uzbekistan will reach 11%in 2014 an 10% in 2015.

Current account balance will make up 4.7% to GDP in 2014 and 3.6% in 2015, the bank said. In October 2013, the bank forecasted that the figure will make 3.2% to GDP in 2014.

Asian Development Outlook and Asian Development Outlook Update are ADB’s flagship economic reports analyzing economic conditions and prospects in Asia and the Pacific, and are issued in April and October, respectively.