IMF keeps its forecast on Uzbekistan’s GDP growth at 7%

The IMF said in its October report “World Economic Outlook” the economy of Uzbekistan will grow by 7% in 2013 and 6.5% in 2014. The forecast did not change compared to IMF’s April report.

The IMF report said that Uzbekistan’s GDP rose by 8.2% in 2012.

According to the IMF report, inflation in Uzbekistan will make up 12.1% in 2013 and fell to 10.4%in 2014. In April, the organization forecasted that the inflation level in Uzbekistan will make up 10.9% in 2013 and 11% in 2014.

Current account balance surplus will make up 0.2% to GDP of Uzbekistan in 2013 against 0.7% in 2012, the report said. The figure will reach 1.1% in 2014.