{"id":7009,"date":"2021-10-20T23:40:51","date_gmt":"2021-10-20T18:40:51","guid":{"rendered":"http:\/\/invest-in-uzbekistan.org\/?p=7009"},"modified":"2021-10-20T23:42:48","modified_gmt":"2021-10-20T18:42:48","slug":"v-2022-godu-pravitelstvo-ozhidaet-rosta-ekonomiki-v-5-9","status":"publish","type":"post","link":"https:\/\/invest-in-uzbekistan.org\/en\/novosti-uzbekistana\/v-2022-godu-pravitelstvo-ozhidaet-rosta-ekonomiki-v-5-9\/","title":{"rendered":"In 2022, the government expects economic growth of 5.9%"},"content":{"rendered":"<p style=\"text-align: justify;\"><span style=\"font-size: 14pt;\">The Cabinet of Ministers discussed the draft state budget of Uzbekistan for 2022 and its parameters.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 14pt;\">The meeting touched upon the indicators of the economy for the current year, as well as macroeconomic forecasts for 2022-2024.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 14pt;\">In January-September 2021, GDP grew by 6.9% &#8211; significantly higher than the 5.1% expected last year. 338 thousand jobs were created, almost 77 thousand new business entities began to operate.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 14pt;\">Compared to the same period in 2020, exports (excluding gold) increased by 34.1% &#8211; to $ 8.9 billion.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 14pt;\">Total GDP growth in 2021 is expected to be 6.5-7%. The largest contribution to it will be made by industry (9.1%) and the service sector (8.6%). The volume of construction services will grow by 6.6%, while agriculture &#8211; by only 2.8%.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 14pt;\">According to calculations, in 2022 the economy will grow by 5.9%, and in subsequent years &#8211; by an average of 6.5% per year.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 14pt;\">The meeting participants stressed the need to maintain macroeconomic stability.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 14pt;\">Thus, plans have been announced to reduce inflation to 9% in 2022 and to 5% in the medium term. In 2021, the Central Bank intends to keep inflation within 10% &#8211; for the first time in recent years.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 14pt;\">In addition, it is planned to limit further growth of the national debt and reduce the budget deficit to 3% of GDP (currently 5.5%). Fitch, in its update on Uzbekistan&#8217;s credit rating, assumes a deficit level of 4.3% of GDP for 2022 and 3.8% for 2023.<\/span><\/p>\n<p style=\"text-align: justify;\">\u00a0<\/p>","protected":false},"excerpt":{"rendered":"<p>The Cabinet of Ministers discussed the draft state budget of Uzbekistan for 2022 and its parameters. The meeting touched upon the indicators of the economy for the current year, as&#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-7009","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\/7009","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=7009"}],"version-history":[{"count":2,"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/posts\/7009\/revisions"}],"predecessor-version":[{"id":7011,"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/posts\/7009\/revisions\/7011"}],"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=7009"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/categories?post=7009"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/tags?post=7009"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}