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Analysis by Region - Emerging Markets - Uzbekistan

Publisher Oxford Economics
Published Dec 12, 2025
Length 6 Pages
SKU # OFE20650276

Description

We left our 2026 GDP growth forecast for Uzbekistan unchanged at 6.1% but raised our 2025 GDP growth estimate to 7.5%. Although obstacles remain, there's a reasonable chance the country will join the World Trade Organization next year. With better connectivity through the expansion of regional transportation links, accession will boost foreign trade. But fully opening markets for imports will test competitiveness of local goods and may initially weigh on growth.

Table of Contents

6 Pages
Uzbekistan: Surging remittances drive current account improvement
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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