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Uzbekistan expects 8.4-percent GDP growth in 2011

Business Materials 5 December 2011 17:10 (UTC +04:00)

Uzbekistan, Tashkent, Dec. 5 / Trend, D. Azizov /

A growth in gross domestic product (GDP) of Uzbekistan in 2011 will hit 8.4 percent, compared to 2010, ), First Deputy Prime Minister and Finance Minister Rustam Azimov said at the Senate (upper house of Uzbek parliament) meeting on Monday.

According to the government forecasts, in 2011 industrial output will grow by 9.3 percent, agricultural production - 6 percent, retail trade turnover - 16.2 percent, total amount of capital investments from all funding sources - by 7.9 percent.

In 2011, the government forecasts GDP growth at 8.3 percent, industrial production - 9.3 percent, agricultural products - 5.8 percent, retail trade - 15.4 percent, inflation will remain within seven to nine percent.

Compared to 2011, GDP growth in 2012 will hit 8.2 percent.

It was reported that Uzbekistan's GDP in 2010 grew by 8.5 percent compared to 2009.

The official exchange rate is 1780.22 sum/$1 on Dec.5.

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