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The International Monetary Fund estimates that Uzbekistan’s GDP will grow by 5.5% in 2019, its head, Albert Eger, said following the results of the work of the IMF mission in the country. Investments will provide the main support to economic growth in the current year, as in the next. GDP growth in Uzbekistan in 2020 will be at 6%. Eger especially noted significant investments in construction projects. Reducing demand for such export goods as gold, natural gas and non-ferrous metals can be potential risks for the economy of Uzbekistan, the IMF believes. Their cost will decrease. This year's credit growth is expected to maintain high inflation. According to the IMF forecast, its value will remain at last year’s level of 15%.
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Thailand's finance ministry on Thursday cut back its 2020 economic forecast to a record 8.5% contraction in GDP. This is a substantial contrast from a 2.8% growth it expected in January as the COVID-19 situation continued to worsen. The ministry’s ...
On Wednesday, Tesla Inc. (TSLA.O) posted its second-quarter profit worth $104 Million from April to June despite shutting down its electric vehicle factory in Fremont, California for roughly seven weeks due to the coronavirus pandemic. Tesla ...
Backed by record-low mortgage rates, U.S. home sales reached its strongest record in June. However, the outlook for the housing market remained murky as low inventory and high unemployment rate pressed amid the virus crisis. Existing home ...
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