Tashkent, Uzbekistan, Jan. 14
By Demir Azizov- Trend:
The World Bank has lowered the forecast of growth in gross domestic product (GDP) of Uzbekistan in 2015 to 7.4 percent against 7.9 percent projected in October 2014, said the WB report Global Economic Prospects.
Uzbekistan's GDP growth in 2016 will amount to 8.2 percent, according to the report. Earlier, the World Bank predicted the country's economic growth at 7.5 percent in 2015.
In 2014, Uzbekistan's GDP grew by 7.9 percent, according to the World Bank. The current account balance was 1.7 percent of GDP in 2014.
In 2015, the current account balance will be 1.5 percent, in 2016 - 1.7 percent, in 2017 - 1.3 percent, the report said.
It was earlier reported that the economic growth was forecasted by the government at 8.1 percent, industrial production - by 8.3 percent, agriculture - six percent, investments - by 9.5 percent in 2014.
Uzbekistan joined the World Bank in 1992. The bank has provided Uzbekistan with loans totaling about $2 billion to implement the projects in the area of privatization, financial sector development, modernization of agriculture, energy, improvement of social infrastructure, health and education since 1995.
Edited by CN