Materials with tag «gdp»
World Bank improves GDP growth forecast for Uzbekistan
The World Bank revised its forecast for Uzbekistan’s GDP growth this year to 5.1%, up from 4.9% in January. The report also notes that the growth of remittances from labor migrants in Russia may slow down this year, especially for Central Asian and South Caucasian countries.
EBRD forecasts Central Asian economies to grow by 5.2% in 2023
Central Asian economies have proven resilient to adverse geopolitical headwinds. The EBRD forecasts that the region’s economies will grow by at least 5.2% on average in 2023 and by around 5.4% in 2024.
Economic growth in Central Asia and the Caucasus will slow in 2023 — IMF
The IMF says that the economies of Central Asia and the Caucasus were resilient and grew in 2022 despite various shocks, but the growth is expected to slow in 2023, and the region’s outlook is strongly influenced by external factors.
Uzbekistan’s GDP grows by 5.5% in Q1 2023
Uzbekistan’s GDP grew by 5.5% in the first quarter of 2023, surpassing forecasts, despite initial concerns due to industrial setbacks from January’s extreme cold weather. Industrial production and construction work demonstrated a significant rebound, contributing to the economic upturn.
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