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Macroregional Context

Asian Development Bank raises Central Asia growth forecast amid global trade shifts

The Asian Development Bank has delivered a mixed forecast for regional economies, painting a picture of resilience in Central Asia even as global trade...
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Macroregional Context

Uzbekistan targets upper-middle-income status through industrial modernization and infrastructure development

Uzbekistan has set an ambitious economic transformation target, aiming to achieve upper-middle-income country status by 2030 through a comprehensive modernization program spanning industrial development,...
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Macroregional Context

Uzbekistan economy set to exceed unprecedented milestone as international recognition grows

Uzbekistan's economic transformation has reached a pivotal moment, with international financial institutions projecting the country's GDP to surpass $130 billion in 2025 — a...
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Macroregional Context

Fitch upgrades Uzbekistan’s sovereign credit rating as structural reforms strengthen economic fundamentals

International credit rating agency Fitch Ratings has elevated Uzbekistan's long-term sovereign credit rating in foreign currency, moving it up one notch to reflect the...
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Macroregional Context

Moody’s positive outlook signals reform success in Uzbekistan

International confidence in Uzbekistan's economic transformation has received formal validation. Moody's has confirmed the country's sovereign credit rating at Ba3 while elevating its outlook...
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Macroregional Context

Central Asia faces a defining decade with historic opportunities for sustainable growth

The next decade will be crucial for Central Asia, with the region’s future depending on how effectively its countries capitalize on this historic opportunity,...
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Macroregional Context

IMF estimates Uzbekistan’s 2023 GDP at $101 billion, factoring in the informal economy

The International Monetary Fund (IMF) has estimated Uzbekistan's GDP for 2023 at $101.6 billion, incorporating the country's informal and shadow economy. This revised figure...
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Macroregional Context

ADB forecasts 5.5% economic growth for Uzbekistan in 2024

The Asian Development Bank (ADB) has released its latest economic outlook for the Asia-Pacific region, predicting a modest slowdown in Uzbekistan's economic growth to...
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Macroregional Context

World Bank improved its forecast for Uzbekistan’s GDP growth

In a recent economic update on Europe and Central Asia, released on October 5th, the World Bank provided a positive revision to its economic...
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