The International Monetary Fund revised up the global economic forecast for 2017 to 3.5% (from 3.4% forecast in January), with growing expanding production and trade in Europe, Japan, and China.
The IMF’s World Economic Outlook also published its 2017 Uzbekistan forecast, which remained at 6%, and reported on the 2016 growth of 7.8%.
According the Fund’s specialists, industrial and infrastructural reforms will boost growth in Uzbekistan, but uncertainty in prices for main exports (cotton, gas, and gold) might weigh on the figures later this year.
2017 inflation will be at 9.8%, up from 8% last year, and prices will grow at 8.8%. The total balance of payments will rise to 2.1% to GDP, up from 1.4% in 2016.
According to the IMF, the CIS economic growth this year is expected to be at 1.7%.
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