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WB updates its forecast for Uzbekistan's GDP growth

Uzbekistan Materials 4 October 2022 16:48 (UTC +04:00)
Natavan Rzayeva
Natavan Rzayeva
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BAKU, Azerbaijan, October 4. World Bank (WB) published the updated forecast for Uzbekistan’s GDP growth for 2022-2024, Trend reports via the bank.

According to the bank, in 2024 Uzbekistan’s GDP is forecast to grow at 5.1 percent, while for 2023 growth rate is expected at the level of 4.9 percent. For 2022, WB forecasts growth at the level of 5.3 percent.

In June this year, WB expected Uzbekistan’s GDP growth to be 5.3 percent in 2023 and 5.5 percent in 2024. In 2022 country’s GDP growth at market prices is projected to be 4.3 percent, while in 2021 it was 7.4 percent.

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