BAKU, Azerbaijan, January 27. Uzbekistan’s inflation rate is expected to start decreasing in 1H2023 and reach 7 percent by the end of 2023, the Renaissance Capital investment bank told Trend.
Renaissance Capital projects inflation to decelerate further to 6 percent by the end of 2024.
Given that, the investment bank forecasts that the country’s policy cycle to resume this year and reach rates of 10 percent and 8 percent by the end of 2023 and 2024, respectively.
Meanwhile, Renaissance Capital forecasts Uzbekistan's GDP growth during the next two years will remain close to 2022 levels. According to the bank’s outlook, GDP growth in Uzbekistan rated at the level of 5-6 percent in 2022.
Renaissance Capital is one of the leading investment banks in emerging frontiers with a special focus on Russia & CIS, Central & Eastern Europe, Africa, and MENA.