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Economy
21/09/2011
IMF says Uzbekistan’s economy to grow by 7.1% in 2011
IMF says Uzbekistan’s economy to grow by 7.1% in 2011
Tashkent, Uzbekistan (UzDaily.com) --
The International Monetary Fund (IMF) increased its forecast on economic growth of Uzbekistan from 7% to 7.1% in 2011.
The IMF report “World Economic Outlook”, published on 20 September 2011, economy of Uzbekistan rose by 8.5% in 2010.
According to the IMF, inflation in Uzbekistan will make 13.1% in 2011 and decrease to 11.8% in next year. The IMF specialists said that inflation hit 9.4% in 2010.
In its previous report, the IMF said that the inflation in Uzbekistan will make up 11.6% in 2011 and 12.3% in 2012.
Current account balance surplus will make up 8% to GDP of Uzbekistan in 2011, the report said. This is two percentage points less compared to previous forecast. The figure will reach 7.4% in 2012 (6.7% - in previous forecast).
The IMF report said that unemployment level in Uzbekistan will be at the 0.2% level in 2011 and 2012, which is the lowest figure among the CIS states.
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