World Economic Outlook presents IMF staff’s analysis and projections of economic developments at the global level, in major country groups (classified by region, stage of development, etc.), and in many individual countries.

It focuses on major economic policy issues as well as on the analysis of economic developments and prospects. It is usually prepared twice a year, as documentation for meetings of the International Monetary and Financial Committee, and forms the main instrument of the IMF’s global surveillance activities.

The IMF report said the consumer prices in Uzbekistan will fell from 12.3% in 2007 to 11.1% in 2008. The consumer prices will decrease further to 10.6% in 2009.

Uzbekistan’s current account balance will shrink to 16.8% of GDP in 2008 compared to 19.1% in 2007, the report said. In 2009, the current account balance will make up 12.8% of GDP in 2009, it added.