WB: Uzbekistan’s economy to grow by 7.4% in 2015

Earlier, in June 2014, the experts of the World Bank forecasted that the growth of gross domestic product (GDP) of Uzbekistan will increase by 6.7% in 2015.

World Bank also improved its forecast on growth of GDP of Uzbekistan in 2016. Earlier, the World Bank forecasted that Uzbekistan’s economy will post 6.7% growth in 2016, now the forecast is 8.2%. According to the report, GDP of Uzbekistan will grow by 8.1%.

In line with the estimates of the World Bank, the GDP of Uzbekistan grew by 7.9% in 2014. In June 2014, the bank forecasted that economy will increase 7% in 2014.

Current account balance in 2014 made up 1.7% to GDP (June forecast – 2.1% to GDP), the report of the World Bank said. The figure will make up 1.5% in 2015 (June forecast – 1.8%) and 1.7% in 2016, as well as 1.3% in 2017, the report noted.