World Bank forecasts Uzbekistan’s GDP growth at 5.3% for 2024 amid fiscal consolidation

26.04.2024

In 2023, Uzbekistan recorded a 6% growth in GDP, supported by a comprehensive expansion and targeted fiscal stimulus. In response to an increase in the fiscal deficit during the year, the government plans to consolidate fiscal spending in 2024, the World Bank reports. The GDP growth forecast for 2024 is 5.3%, influenced by fiscal consolidation and moderated export growth...