The World Bank forecasts that in 2026, Uzbekistan will become one of the three fastest-growing developing economies in the Europe and Central Asia region, along with Kyrgyzstan and Tajikistan. According to the "Global Economic Prospects" report, the average GDP growth for the 22 countries in the region will be 2.4%, but Uzbekistan will demonstrate significant performance, maintaining its leadership in the subregion.
The reduction in inflation, improvement in financial conditions, increased absorption of European Union funds, and growth in defense spending will stimulate domestic demand. At the same time, some slowdown in private consumption and a reduction in exports are expected due to the slowdown in the Russian economy and the tightening of migration policies.
In 2025, the combined GDP of Kazakhstan, Kyrgyzstan, Tajikistan, and Uzbekistan grew by 6.2%, and a decrease to 5% is projected in 2026. At the same time, the economies of Kyrgyzstan (6.5%), Tajikistan (6.2%), and Uzbekistan (6%) will maintain high growth rates, supported by gold prices and other export factors, which will allow these countries to remain among the leaders in growth in Central Asia.
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