Uzbekistan’s economy to grow by 6.5% next two years – World Bank

Tashkent, Uzbekistan (UzDaily.com) -- Gross domestic product (GDP) of Uzbekistan will grow by 6.5% in 2010 and 2011, the World Bank said in its Global Economic Prospects 2010, released on 21 January 2010.

The report said estimated GDP growth in Uzbekistan made up 5.5% in 2009. Meanwhile, Uzbek President Islam Karimov said that the economy of Uzbekistan rose by 8.1% in 2009.

As earlier reported, Uzbekistan expects that GDP of the country will increase by 8.3% in 2010. Economist Intelligence Unit (EIU) forecasted that economy of Uzbekistan will grow by 8.1% in 2010, which will be one of the highest growths in the world.

The World Bank estimated current account balance of Uzbekistan at 16.9% to GDP in 2009. The bank forecasted that current account balance will rose to 20.4% to GDP in 2010 and decrease to 19.2% in 2011.