However, Uzbekistan and Tajikistan are the only states among 23 countries in Europe and Central Asia that are expected to demonstrate growth in 2020, it added. The COVID-19 pandemic negatively affected the country's GDP growth and led to a decrease in employment, welfare and incomes of citizens, according to the bank's experts. The bank predicts between 4.8 and 5.0 percent GDP growth in 2021 in Uzbekistan, if lockdowns are not reintroduced across the country. Uzbekistan became a World Bank member in 1992, shortly after declaring independence in 1991 following the collapse of the Soviet Union.The World Bank has supported projects in Uzbekistan in the areas of education, infrastructure, agriculture, and water resource management. Uzbekistan will be one of only two states in Europe and Central Asia to demonstrate economic growth in 2020. Global Economic Prospects examines trends for the world economy and how they affect developing countries. If you continue to navigate this website beyond this page, cookies will be placed on your browser. Tashkent, Oct. 7 -- Uzbekistan will be one of only two states in Europe and Central Asia to demonstrate economic growth in 2020, according to the World Bank… Despite the global economic downturn caused by the coronavirus pandemic, Uzbekistan's annual gross domestic product (GDP) growth is projected to reach between 0.4 and 0.8 percent this year, which is considerably lower than that in 2019 when it reached 5.6 percent, the World Bank report said. The COVID-19 pandemic negatively affected the country's GDP growth and led to a decrease in employment, welfare and incomes of citizens, according to the bank's experts. Search, browse and map more than 10,000 projects from 1947 to the present. This site uses cookies to optimize functionality and give you the best possible experience. Here you can query, map, compare, chart and summarize key climate-related information. Published by HT Digital Content Services with permission from India Blooms. Graph, map and compare more than 1,000 time series indicators from the World Development Indicators. Despite the global economic downturn caused by the coronavirus pandemic, Uzbekistan will become one of the countries to demonstrate economic growth in 2020, follows from the WB Europe and Central Asia Economic Update. Uzbekistan has so far registered 59,579 COVID-19 cases, with 491 deaths and 56,165 recoveries. However, Uzbekistan and Tajikistan are the only states among 23 countries in Europe and Central Asia that are expected to demonstrate growth in 2020, it added. The World Bank is a committed partner to the Government of Uzbekistan, as the country continues its historic transition to a competitive, inclusive, and sustainable market economy. "Despite the current challenges, the authorities have reconfirmed their strong commitment to continue reforms in key sectors of the economy to achieve stronger growth and improve wellbeing of citizens. I look forward to working closely with the authorities and our international partners to continue supporting the reforms through our financing, knowledge, and advisory assistance,” said Mr. Mantovanelli. This is very important to ensure a more resilient and inclusive post COVID-19 recovery," World Bank Country Manager for Uzbekistan Marco Mantovanelli noted in the statement. World Bank projects Uzbekistan’s GDP growth at 5 percent in 2021 . To learn more about cookies, click here. Data for Uzbekistan, Lower middle income from The World Bank: Data Online tool for visualization and analysis. The Climate Change Knowledge Portal is a hub of information, data and reports about climate change around the world. Tashkent, Oct. 7 -- Uzbekistan will be one of only two states in Europe and Central Asia to demonstrate economic growth in 2020, according to the World Bank's Economic Update released Wednesday. Fighting poverty with passion and professionalism for lasting results. 11K likes. Find Out. World Bank Uzbekistan, Tashkent, Uzbekistan. Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). Explore raw data about the World Bank's finances - slice and dice datasets; visualize data; share it with other site users or through social networks; or take it home with a mobile app. The bank predicts between 4.8 and 5.0 percent GDP growth in 2021 in Uzbekistan, if lockdowns are not reintroduced across the country. Global Economic Prospects examines trends for the world economy and how they affect developing countries. Uzbekistan has so far registered 59,579 COVID-19 cases, with 491 deaths and 56,165 recoveries. "Despite the current challenges, the authorities have reconfirmed their strong commitment to continue reforms in key sectors of the economy to achieve stronger growth and improve wellbeing of citizens. The bank predicts between 4.8 and 5.0 percent GDP growth in 2021 in Uzbekistan, if lockdowns are not reintroduced across the country. The report includes country-specific three-year forecasts for major macroeconomic indicators, including commodity and financial markets. Uzbekistan from The World Bank: Data.

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