Stay up to date with the latest news
Subscribe to our telegram channel
Finance
30/03/2016
ADB: Uzbekistan’s economy to grow by 6.9% in 2016
ADB: Uzbekistan’s economy to grow by 6.9% in 2016
Tashkent, Uzbekistan (UzDaily.com) --
The growth of economy of Uzbekistan will make up 6.9% in 2016 due to unfavorable situations in external markets, the Asian Development Outlook of the Asian Development Bank (ADB) said.
Earlier in September 2015, the ADB forecasted that the growth of the GDP of Uzbekistan in 2016 will be 7%. The Government of Uzbekistan forecasts that the economy of Uzbekistan will grow by 7.8%.
According to the forecasts of the ADB’s experts, economy of Uzbekistan will make up 7.3% in 2017. In September 2015, the bank forecasted that the growth of Uzbekistan’s GDP will make up 7.2% in 2017.
The report said that economic situation in the countries, which are main trade partners of Uzbekistan and decrease of prices to main export commodities, will negatively impact to growth of Uzbekistan’s GDP.
Asian Development Outlook and Asian Development Outlook Update are ADB’s flagship economic reports analyzing economic conditions and prospects in Asia and the Pacific, and are issued in April and October, respectively.
LATEST NEWS