EYTB has forecasted the growth rates of the economy of Uzbekistan

The European Bank for Reconstruction and Development (EBRD) predicts that the economy of Uzbekistan will grow by 6.5 percent in 2023 and 2024. This was noted in the "Regional Economic Prospects" report of EBRD.

According to the organization's experts, the growth is directly related to the entry of foreign investment, companies and individuals into the country. Also important is privatization and reform of the business environment.

But the report also suggests that the country's economy is likely to experience a decline in remittances following the escalation of the Russia-Ukraine war.

The EBRD added that the economy of Central Asian countries will grow by 5.2% on average. Growth will continue next year.

For information, in the report, the overall growth rate of the economy of Uzbekistan in 2022 was 5.7 percent, which is due to a significant improvement in external and internal demand conditions, including a more than twofold increase in remittances. is said to be