Summary: Stayed positive in 2020. Uzbekistan GDP is expected to have grown by 1.6% in 2020 (preliminary estimate). This is because of the impact of the Covid lockdown on domestic consumption and the fall in external demand. A bounce of 4-5% is expected in 2020.

Eurasia Belarus Snapshot

GDP. Growth expanded to 3.5% in 2018 but is expected to slow (moderately) this year, and in the coming years, partly because of the base-effect, but also due to tighter monetary conditions and the loss of some Russian energy subsidies.