Central Bank improves GDP forecast for 2022
In 2022, real GDP growth is expected at the level of 5.0-5.5% per annum. At the same time, the April forecast was 3.5-4.5%, the Central Bank reports in its review.

Photo: Taylor Weidman / Bloomberg
The regulator, taking into account the uncertainties associated with the external economic situation, as well as the expected trends in the formation of aggregate demand and supply, revised its macroeconomic development forecasts for 2022.
Taking into account the current inflationary processes, the postponement of the increase in regulated prices along with the existing uncertainties and risks, the Central Bank forecasts inflation near the lower border of the corridor of 12-14%.
Based on the available reserves in the economy and the dynamics of aggregate demand, real GDP growth in 2022 is expected to be at the level of 5.0-5.5% per annum (the April forecast was 3.5-4.5%).
“Given today’s decision on the refinancing rate, future monetary conditions, together with the forecast for a decrease in inflation, will form positive interest rates in the economy and ensure the preservation of profitability on assets in the national currency,” the CB said in a statement.
Previously, it was reported that the Central Bank of Uzbekistan again lowered the refinancing rate. During the meeting, it was decided to reduce the main rate by 1 percentage point to the level of 15% per annum.
Recommended
List of streets and intersections being repaired in Tashkent published
SOCIETY | 19:12 / 16.05.2024
Uzbekistan's flag flies high on Oceania's tallest volcano
SOCIETY | 17:54 / 15.05.2024
New tariffs to be introduced in Tashkent public transport
SOCIETY | 14:55 / 05.05.2023
Onix and Tracker cars withdrawn from sale
BUSINESS | 10:20 / 05.05.2023
Latest news
-
Massive embezzlement uncovered at Andijan State University: Rector, chief accountant and other officials jailed
SOCIETY | 20:36 / 07.07.2025
-
Uzbekistan's economy expands 6.8% in first half of 2025
SOCIETY | 20:34 / 07.07.2025
-
Heatwave triggers nearly 250,000 emergency calls across Uzbekistan
SOCIETY | 20:31 / 07.07.2025
-
Why medicines cost more in Uzbekistan? Pharmaceutical Agency chief explains
SOCIETY | 18:21 / 07.07.2025
Related News

20:34 / 07.07.2025
Uzbekistan's economy expands 6.8% in first half of 2025

15:18 / 07.07.2025
Uzbekistan’s external debt hits $68.4B amid surge in corporate borrowing

16:15 / 04.07.2025
World Gold Council: Uzbekistan tops global gold sales in early 2025

17:35 / 01.07.2025