Tashkent, Uzbekistan (UzDaily.com) — The Eurasian Development Bank (EDB) has presented a newly developed macroeconomic model designed to analyze current conditions and forecast future economic trends in Uzbekistan, the bank’s press service reports.

The new model is tailored to the specific characteristics of the national economy and aims to produce medium-term forecasts. It incorporates components covering aggregate demand and supply, tools for labor market analysis, as well as parameters related to fiscal and monetary policies. Particular attention is given to the impact of remittances, which play a significant role in the country’s economy.

At the core of the model lies a system of interconnections between key macroeconomic indicators, including GDP, inflation, exchange rates, interest rates, and other variables.

The EDB’s solution enables stress-testing of the economy against global and regional shocks, assessing the consequences of changes in fiscal and monetary policies, and identifying potential risks to the country’s macroeconomic stability.

The economic forecast for Uzbekistan based on this new model is scheduled to be published within the next month.