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Analysis by Region - Emerging Markets - Uzbekistan

Publisher Oxford Economics
Published Sep 23, 2025
Length 6 Pages
SKU # OFE20535988

Description

We've upgraded our 2026 GDP growth forecast for Uzbekistan to 6.1% from 4.7% to reflect evidence of reform momentum that will improve growth prospects. We've also raised our 2025 GDP growth forecast to 7.4% from 6.4% based on higher-than-expected growth in H1. Reforms are improving the investment climate, labour participation, fiscal sustainability, and monetary policy credibility. Uzbekistan therefore has the highest growth potential in the Central Asia region, bolstered by the development of new trade routes via its territory.

Table of Contents

6 Pages
Uzbekistan: Reform momentum supports improved near-term forecast
Forecast overview
Recent developments
Short-term growth outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Background
Economic development
Structure of the economy
Balance of payments
Policy and politics

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