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IMF predicts sharp growth in Uzbekistan’s economy in 2021

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IMF predicts sharp growth in Uzbekistan's economy in 2021

The International Monetary Fund (IMF) predicts a sharp increase in the economy of Uzbekistan in 2021, follows from the organization’s report.

Experts believe that this year real GDP growth will be 1.8%. For comparison, in the previous three years, it was around 4.5%-5.6%. In 2021, according to the forecasts of the organization, the growth will be 7%.

Inflation, which in the previous years was in the region of 13-17%, this year will be 12.6%, and in 2021 – 10.6%.

IMF forecasts for Uzbekistan are considerably positive compared to other countries. The growth of the economy of Armenia, Azerbaijan, Georgia, Kazakhstan and Kyrgyzstan, for example, is expected to go negative this year, and next year will be as low as 0.7%.

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