EBRD Shares Latest Outlook On Uzbekistan's GDP Growth
Date
5/17/2024 10:08:02 PM
(MENAFN- Trend News Agency) TASHKENT, Uzbekistan, May 18. The European Bankfor Reconstruction and Development (EBRD) has revealed its grossdomestic product (GDP) growth forecast for Uzbekistan in 2024–2025,Trend reports.
The EBRD forecasts Uzbekistan's GDP growth at 6.5 percent in2024.
Thus, the forecast has been left unchanged compared to theprevious outlook in September 2023.
In 2025, GDP growth will be 6.0 percent. This figure is 0.5percent less than the 2024 forecast.
"As a result of spring floods in Kazakhstan and what seems to bea plateau in intermediated commerce with Russia, analysts predictthat growth in Central Asia will drop from 5.7 percent in 2023 to5.4 percent in 2024. In 2025, however, growth is anticipated toreach 5.9 percent," the bank noted.
Meanwhile, the current loan portfolio of the EBRD projects inUzbekistan has totaled 2.4 billion euros as of February 29,2024.
In particular, the EBRD's loan portfolio is calculated for theimplementation of 85 projects.
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