World Bank GDP growth estimate for Uzbekistan to remain at 7%
Date: 12:28, 12-06-2014.
Tashkent. June 12. Silkroadnews – The World Bank GDP growth estimate for Uzbekistan is to remain at 7% in 2014. The subsequent piece of information was presented in the World Bank’s Global Economic Prospects report.
The report states that the export of gas is to drive Uzbekistan’s economic growth. However, falling cotton prices along with bad economic situation of many of its importers (such as Russia, Turkey, Ukraine and China) is to prevent Uzbek GDP from growing by 8% this year. Nevertheless, its GDP growth rate consistently reached 8% for the last 10 years.
As reported earlier, Uzbek government expects the country’s GDP to grow by 8.1% this year as opposed to 8% last year.
