{"id":6784,"date":"2021-03-31T23:37:38","date_gmt":"2021-03-31T18:37:38","guid":{"rendered":"http:\/\/invest-in-uzbekistan.org\/?p=6784"},"modified":"2021-03-31T23:37:38","modified_gmt":"2021-03-31T18:37:38","slug":"rost-vvp-uzbekistana-v-2021-godu-vosstanovitsya-do-4-8","status":"publish","type":"post","link":"https:\/\/invest-in-uzbekistan.org\/en\/novosti-uzbekistana\/rost-vvp-uzbekistana-v-2021-godu-vosstanovitsya-do-4-8\/","title":{"rendered":"Uzbekistan&#8217;s GDP growth to recover to 4.8% in 2021"},"content":{"rendered":"<p style=\"text-align: justify;\"><span style=\"font-size: 14pt;\">According to the World Bank forecasts, Uzbekistan&#8217;s GDP growth will recover to 4.8% in 2021. This is stated in the next issue of the&#8221;Review of the Economy of the Europe and Central Asia Region (ECA)&#8221;.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 14pt;\">However, analysts note that the growth rate may be affected by uncertainty related to the pace of the global economic recovery and the success of the national vaccination campaign against COVID-19.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 14pt;\">The gradual recovery of trade and investment flows, the volume of remittances of migrant workers, a rich crop harvest and vaccination of the population will contribute to the economic recovery and encourage further reduction of unemployment and poverty.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 14pt;\">In 2022, higher GDP growth is projected (up to 5.5%) as the rate of vaccination accelerates and the disruptions in the global economy ease.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 14pt;\">The current account deficit is projected to widen to 5.5% of GDP in 2021 as imports of machinery, equipment and other industrial goods recover under major investment projects.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 14pt;\">Despite forecasts of a partial recovery in foreign direct investment after its decline in 2020, public and private borrowing is expected to continue to finance most of the current account deficit.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 14pt;\">According to forecasts, the reduction in state budget revenues, the purchase of vaccines, the expansion of social support for the population and the increase in funding for socio-economic development programs and state lending to enterprises will increase the budget deficit to 5.4% of GDP in 2021. It will be financed mainly by increasing government borrowing.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 14pt;\">Uzbekistan&#8217;s public debt is expected to reach 42% of GDP in 2021 and stabilize at around 45% of GDP in the medium term. As conditions for households and businesses improve, the gradual elimination of anti-crisis measures will lead to a reduction in the state budget deficit in the medium term.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 14pt;\">Source: Spot.uz<\/span><\/p>\n<p>&nbsp;<\/p>","protected":false},"excerpt":{"rendered":"<p>According to the World Bank forecasts, Uzbekistan&#8217;s GDP growth will recover to 4.8% in 2021. This is stated in the next issue of the&#8221;Review of the Economy of the Europe&#8230;<\/p>\n","protected":false},"author":1,"featured_media":6276,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-6784","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-novosti-uzbekistana"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/posts\/6784","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/comments?post=6784"}],"version-history":[{"count":1,"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/posts\/6784\/revisions"}],"predecessor-version":[{"id":6785,"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/posts\/6784\/revisions\/6785"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/media\/6276"}],"wp:attachment":[{"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/media?parent=6784"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/categories?post=6784"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/tags?post=6784"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}