IMF predicts sharp growth in Uzbekistan’s economy in 2021
For consular and visa issues, please contact the Embassy of the Republic of Uzbekistan in Berlin:
Perleberger Str. 62, 10559 Berlin
Tel.: +49 30 394 098 30/80
Fax: +49 30 394 098 62
Hotline of the Ministry of Foreign
Affairs of Uzbekistan:
+998 71 233 28 28
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%.