Uzbekistan Update October 2018


GDP stabilizes near 5% growth. GDP is on course for growth close to 5% this year and next. The economy has been hit with a number of factors, such as the impact of the 2017 devaluation and the spike in both inflation and interest rates. Balanced against this are the competitive benefits of a weaker som, higher state spending, especially state-sector salaries and pensions, and rising investment.