IMF sees Uzbekistan’s economic growth at 7% in 2021, slowing to 6% in 2022



December 10 (Reuters) – The International Monetary Fund expects Uzbekistan’s economy to grow nearly 7% this year, while the pace could slow to 6% in 2022, the IMF following meetings with the authorities of the ex-Soviet country.

He said inflation has remained high due to pressure on food and commodity prices, reflecting global trends, and is expected to end the year at around 10%.

The most populous economy in Central Asia with over 32 million inhabitants, Uzbekistan is a major producer of gas, gold and cotton.

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IMF says Uzbekistan has weathered the pandemic relatively well and a strong economic recovery is underway

In progress.

“Uncertainty remains high, however, and an intensification of the pandemic, as new variants of the virus emerge, poses a significant downside risk,” he said.

Uzbekistan could also be affected by the slowdown in the growth of its main trading partners, volatility in commodity prices, especially gold, or rising world prices, he added.

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Reporting by Andrea Shalal and Vladimir Soldatkin; Editing by Andrea Ricci

Our standards: Thomson Reuters Trust Principles.



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