Macroeconomic Forecast UzbekistanAugust 2012 | Macroeconomic Forecasts
We anticipate Uzbekistan's economic growth to remain strong in 2012 and 2013 in spite of a mild slowdown in export growth. High prices for key commodity exports oil, gas, gold and cotton, as well as continued public investment into strategic sectors – in particular hydrocarbons, chemicals and power generation – will underpin robust growth in the Central Asian nation. We forecast real GDP growth of 7.8% in 2012 and 7.6% in 2013, down from an estimated 8.3% in 2011.
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