City
Epaper

Uzbekistan's economy grows by 6.6 pc in past 9 months

By IANS | Updated: October 18, 2024 17:35 IST

Tashkent, Oct 18 Uzbekistan's economy has grown by 6.6 per cent over the past nine months, according to ...

Open in App

Tashkent, Oct 18 Uzbekistan's economy has grown by 6.6 per cent over the past nine months, according to a report from the press service of the Uzbek President.

During a meeting on Thursday, President Shavkat Mirziyoyev discussed the expected economic performance for the current year and the main macroeconomic indicators for 2025, Xinhua news agency reported.

"Despite the difficult situation in the world, our country's economy has grown by 6.6 per cent and industry by 7 per cent over the past nine months by utilising domestic opportunities," the statement said.

"It is expected that by the end of the year, the growth will be no less than 6 per cent. The country's gold and foreign exchange reserves this year exceeded $40 billion for the first time, while public deposits in the national currency grew by 50 per cent," it added.

The statement said that the share of investment in the country's GDP will surpass 33 per cent this year, with exports projected to rise by nearly 19 per cent.

"In general, the IMF, World Bank and Asian Development Bank confirm that thanks to Uzbekistan's active investment policy and reforms, sustainable economic growth will be maintained in the future," the press service said.

In the first six months of this year, Uzbekistan's GDP grew by 6.4 per cent compared to the same period last year.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

InternationalVance says Charlie Kirk was killed by "an assassin's bullet" linked to left-wing extremism

InternationalUS Homeland Security condemns brutual murder of Chandra Nagamalliah, holds Biden administration responsible for release of accused earlier

InternationalMoS Margherita calls upon Prime Minister of Papua New Guinea

Cricket"'The Heart was in the mouth": Asalanka reflects on Sri Lanka's thrilling win over Hong Kong

CricketAsia Cup: Nissanka achieves most fifty-plus scores by Sri Lankan batter in T20Is

International Realted Stories

InternationalMauritius PM lands in Delhi as part of his official visit

InternationalMoS Margherita lands in Papua New Guinea to attend I-Day celebrations

InternationalJaishankar extends greetings to people of Guatemala on their Independence Day

InternationalPolish foreign minister suggests NATO consider no-fly zone over Ukraine

InternationalNepal announces Rs 1.5mn relief for Gen Z protest martyrs amid historic political shift