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Economy
08/01/2010
Uzbek Govn’t forecasts 8.3% GDP growth in 2010
Uzbek Govn’t forecasts 8.3% GDP growth in 2010
Tashkent, Uzbekistan (UzDaily.com) --
The Government of Uzbekistan forecasts the growth of gross domestic product (GDP) and industrial production at 8.3% each in 2010.
The Uzbek President Islam Karimov signed a resolution “On forecasts of main macroeconomic figures and parameters of the State Budget of the Republic of Uzbekistan for 2010”.
In line with the document, the consumer price index in Uzbekistan will make 7-9% in 2010 compared to December 2009.
Uzbekistan forecasts agriculture output growth at the rate of 5% and capital investments will rose by 22.1% in 2010. Retail trade turnover will make up 16.3%.
The document also set maximum level of state budget deficit for 2010, which is established at the rate of 1% to GDP.
The state budget deficit will be financed due to balance of the budget for the beginning of 2010 and other non-inflation sources.
According to forecasts of Economist Intelligence Unit, Uzbekistan will enter to top five countries on the rate of economic growth in 2010.
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