Tashkent, Uzbekistan, Sept. 16
By Demir Azizov- Trend:
The International Monetary Fund (IMF) raised its forecast for economic growth in Uzbekistan in 2015 to 6.8 percent (from 6.2 percent forecasted in April 2015), said the message of the IMF Sept.16.
The gross domestic product (GDP) of Uzbekistan will grow by 7 percent in 2016, the International Monetary Fund (IMF) said.
Economy of Uzbekistan will grow by 6.7 percent in 2017. The GDP of Uzbekistan will increase by 6.5 percent each year in 2018-2020, according to the IMF.
The IMF forecasts that inflation in Uzbekistan will amount to 10.1 percent in late 2015 (previous forecast - 9.5 percent), in 2016 it will drop to 9 percent (9.8 percent). The fund estimates that in 2017, inflation in Uzbekistan will amount to 10.5 percent, and in 2018-2020 to 10 percent.
Current account of Uzbekistan will be at the level of 0 in 2015 and 2016, 0.2 percent from GDP in 2017, 0.3 percent in 2018, 0.4 percent in 2019 and 0.8 percent in 2020.
Nominal GDP of Uzbekistan will rise from $62.613 billion in 2014 to $89.791 billion in 2020. Nominal GDP per capita will increase from $2,046 in 2014 to $2,731 in 2020.
Gross official external reserves of Uzbekistan, according to the IMF expertise, will grow from $24.149 billion in 2014 to $38.131 billion in 2020.
The IMF said that the gross official external reserves of the country will exceed $24.436 billion in 2015 and $27.52 billion in 2016.
It was earlier reported that the Uzbek government plans to ensure GDP growth by 8 percent, industrial production - by 8.3 percent, agriculture - 6 percent, as well as to increase the volume of capital investments by 9.6 percent in 2015. The inflation is planned to be kept within 5.5 to 6.5 percent.