IMF keeps its forecast on Uzbekistan’s economic growth

Tashkent, Uzbekistan (UzDaily.uz) -- The International Monetary Fund (IMF) kept its forecast on economic growth of Uzbekistan for 2012 at the level of 7%.

The IMF report “World Economic Outlook” said that the economy of Uzbekistan rose by 8.3% in 2011. Earlier, the organization forecasted that Uzbekistan’s GDP will grow by 7.1% in 2011.

The IMF forecast said that the GDP of Uzbekistan will grow by 6.5% in 2013.

According to the report, inflation made up 12.8% in 2011. The IMF said that inflation will be 12.7% in 2012 and 10.9% in 2013.

Current account balance surplus made up 5.8% to GDP of Uzbekistan in 2011, the report said. The figure will reach 2.8% in 2012 and 3% in 2013.