Uzbekistan Economic Insights: On the footsteps of Poland and Ukraine
"On the back of a solid reform agenda Uzbekistan established itself in somewhat exaggerated terms as "Poland" of Central Asia" says Researchers of Raiffeisen Research Center.
Through the cycle and incl. the COVID-19 crisis years GDP growth in Uzbekistan is likely to average ~5% 2016-2022.
Uzbekistan's foreign trade has developed very dynamically in recent years. Foreign trade volumes increased by 40% over the last 5 years, import volumes have nearly doubled. Moreover, foreign trade volumes have the potential to double again by 2026.
Foreign banks have increased their exposures towards Uzbekistan significantly in recent years. Apart from the successful Eurobond placings worth nearly USD 3 bln in 2019-2021 year-to-date, there has been a steep rise in cross-border banking claims on Uzbekistan.
en: review.uz/en/ihd
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