Uzbekistan’s GDP to grow by 8% in 2012

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Economy 18/01/2012 Uzbekistan’s GDP to grow by 8% in 2012 – WB

Uzbekistan’s GDP to grow by 8% in 2012 – WB

Tashkent, Uzbekistan (UzDaily.com) -- The growth of the gross domestic product (GDP) of Uzbekistan can reach 8% in 2012, the World Bank’s new report “Global Economic Prospects (GEP) 2012”, which was published on 18 January 2012.

According to the forecast of the World Bank specialists, the economy of Uzbekistan will grow by 6.5% in 2013. The report estimated that the GDP growth in Uzbekistan made up 8.3% in 2011.

The report noted that the current account balance of Uzbekistan will make up 7% to GDP in 2012 and 6% in 2013. The figure made up 8.1% in 2011, according to the World Bank estimates.

According to the Uzbek President Islam Karimov, Uzbekistan posted 8.3% GDP growth in 2011. The Government of Uzbekistan expects that the GDP of the country will increase by 8.2% in 2012.

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