Active investments attraction and increasing of consumption has influenced the growth of GDP of Uzbekistan, the World Bank’s report on the development of Uzbekistan’s economy, published yesterday, Aug. 22 said.
Uzbekistan's GDP grew by 4.5% in 2017 and by up to 5.3% in the first quarter of 2019. According to forecasts, by 2021 the GDP will amount to 6%.
However, inflationary pressures will continue in 2019-2020. Public debt will increase to about 25% of GDP by 2020.
Sustained growth in remittances and sustained economic growth is expected to contribute to a modest reduction in poverty.