403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
World Bank Upgrades Uzbekistan's 2026 GDP Forecast to 6.4 Percent
(MENAFN) The World Bank has revised upward its economic growth forecast for Uzbekistan, projecting the country's gross domestic product to expand by 6.4 percent in 2026 — a notable upgrade reflected in the institution's latest Global Economic Prospects report.
The updated projection represents a 0.4 percentage point increase over the bank's earlier January estimate for the same year, signaling growing confidence in Uzbekistan's economic resilience and trajectory.
The World Bank had previously estimated Uzbekistan's GDP growth at a robust 7.7 percent for 2025, and continues to project a healthy expansion rate of 6.7 percent through 2027, painting a broadly optimistic medium-term outlook for the Central Asian economy.
However, the report sounded a note of caution on the global stage, warning that worldwide economic growth is expected to decelerate to just 2.5 percent this year, weighed down by escalating conflict in the Middle East — a crisis that has driven energy prices sharply higher and reignited inflationary pressures across multiple regions.
The World Bank further cautioned that regional economic prospects across Central Asia remain vulnerable to a range of significant downside risks — including a prolonged or intensifying Middle East conflict, tightening global financial conditions, and persistent uncertainty surrounding international trade policies that continue to cloud the broader economic outlook.
The updated projection represents a 0.4 percentage point increase over the bank's earlier January estimate for the same year, signaling growing confidence in Uzbekistan's economic resilience and trajectory.
The World Bank had previously estimated Uzbekistan's GDP growth at a robust 7.7 percent for 2025, and continues to project a healthy expansion rate of 6.7 percent through 2027, painting a broadly optimistic medium-term outlook for the Central Asian economy.
However, the report sounded a note of caution on the global stage, warning that worldwide economic growth is expected to decelerate to just 2.5 percent this year, weighed down by escalating conflict in the Middle East — a crisis that has driven energy prices sharply higher and reignited inflationary pressures across multiple regions.
The World Bank further cautioned that regional economic prospects across Central Asia remain vulnerable to a range of significant downside risks — including a prolonged or intensifying Middle East conflict, tightening global financial conditions, and persistent uncertainty surrounding international trade policies that continue to cloud the broader economic outlook.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept any
responsibility or liability for the accuracy, content, images, videos,
licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright issues
related to this article, kindly contact the provider above.
Comments
No comment