Economy

IMF: Economy of Uzbekistan to grow by 0.7% in 2020

IMF: Economy of Uzbekistan to grow by 0.7% in 2020
IMF: Economy of Uzbekistan to grow by 0.7% in 2020

Tashkent, Uzbekistan (UzDaily.uz) -- The International Monetary Fund (IMF) has updated its forecast for GDP growth in Uzbekistan for 2020 and 2021. This was stated in the October report of the World Economic Outlook Foundation.

According to the report, the growth of the economy of Uzbekistan in 2020 will be 0.7% against 5.5% in 2019.

The IMF report notes that Uzbekistan’s GDP in 2021 will grow by 5%.

 

Anvar Umarov
Anvar Umarov

Anvar Umarov is the founder and editor-in-chief of UzDaily, a leading business and news publication covering Uzbekistan and Central Asia. With over 20 years of experience in journalism, he has also worked as a PR manager for both state and private organizations, bringing a broad perspective on media, communications, and public affairs to his editorial leadership.