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UN: Uzbekistan’s economy to grow by 7.1% in 2014
Tashkent, Uzbekistan (UzDaily.com) --
Uzbekistan will record one of the highest economic growth rates in the Commonwealth of Impendent States (CIS) in 2014 and 2015, according to the UN report World Economic Situation and Prospects 2014 (WESP).
In line with the forecast of the UN experts, the growth of real gross domestic product (GDP) of Uzbekistan will make 7.1% in 2014 compared to 8% in 2013. Uzbekistan’s economy will also grow by 7.4% in 2015.
The UN said that Uzbekistan and Turkmenistan will register the highest GDP growth among the CIS states. Turkmenistan will also record 9.5% GDP growth both in 2014 and 2015.
The report said that the inflation rate will make up 11% in 2014 and 8.8% in 2015. The inflation, according to the estimates of the UN, was 10% in 2013.
According to official data, the economy of Uzbekistan rose by 8% in 2013. The government expects that the GDP will grow by 8.1% in 2014.
World Economic Situation and Prospects is produced at the beginning of each year by the UN Department of Economic and Social Affairs (UN DESA), the United Nations Conference for Trade and Development (UNCTAD) and the five United Nations regional commissions.
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