Tashkent, Uzbekistan, Nov. 7
By Demir Azizov– Trend:
The European Bank for Reconstruction and Development (EBRD) has kept Uzbekistan’s GDP growth forecast for 2016 at the level forecast in May 2016 - 6.5 percent, according to the Regional Economic Prospects in EBRD Countries of Operations November 2016 report.
The EBRD also kept its Uzbekistan's economy growth forecast for 2017.
In early May 2016, the bank lowered Uzbekistan’s GDP growth forecast for 2016 from 8 percent to 6.5 percent, and to 6.2 percent in its forecast for 2017 due to the pressure of external factors related to prices on global markets, as well as internal structural problems.
The inflation rate in Uzbekistan in 2016-2017 will also remain at the level of 9 percent forecast earlier, according to the calculations of the bank.