Uzbekistan Unveils Its Ambitious Vision For Economic Horizon Of 2025
Date
12/20/2024 5:10:05 AM
(MENAFN- Trend News Agency)
TASHKENT, Uzbekistan, December 20. Uzbekistan
envisions a flourishing garden of prosperity, aiming to cultivate
its gross domestic product to a bountiful $120 billion in 2025.,
Trend reports.
The announcement comes following a video conference call and
dialogue with businesspeople chaired by Uzbekistan's president.
The nation has also set its sights on cranking up exports to a
whopping $30 billion and ramping up investments to more than $42
billion. Furthermore, the aim is to whip up 5 million new jobs and
pull 1.5 million people out of the poverty pit.
Moreover, the ranks of individual income tax payers in the
private sector swelled by 365,000 this year. The next step is to
set the stage for boosting the income.
In the meantime, the Central Bank of Uzbekistan (CBU) is betting
that the country's real gross domestic product (GDP) will hit the
sweet spot of 6.0-6.5 percent in 2024 forecasted real GDP
growth is riding the wave of favorable economic currents.
Simultaneously, the uptick in cross-border remittances compared
to last year is putting a little extra jingle in household pockets.
With wages on the upswing and real incomes taking a turn for the
better, consumer activity is hitting the ground running. The
bustling growth in services and retail trade shows that consumer
demand is alive and kicking.
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