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ESCAP: Uzbek economy to grow by 8.1% in 2014
Tashkent, Uzbekistan (UzDaily.com) --
The growth of gross domestic product (GDP) of Uzbekistan will make up 8.1% in 2014, a report of the UN Economic and Social Commission for Asia and the Pacific (ESCAP) “Economic and Social Survey of Asia and the Pacific 2014” said.
According to the report, the GDP of Uzbekistan grew by 8% in 2013. Subdued global demand for, and lower prices of, gold adversely affected the country’s export earnings.
The economy is projected to continue to expand at a high rate of 8.1% in 2014. Lower profit and income taxes should support the industrial activities, the report said.
According to ESCAP forecast, the inflation level in Uzbekistan will fall from 12.1% in 2013 to 11% in 2014.
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