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Macro Poverty Outlook for Uzbekistan : April 2022 (Английский)

Russia’s invasion of Ukraine will slow Uzbekistan’s growth to 3.6 percent in 2022, due to a halving of remittances, record global oil and food prices, trade, investment, and banking disruptions, and the return of migrant workers. More social protection and labor market programs are needed to prevent increases in poverty. Higher commodity revenues and lower public investment spending will create fiscal space and, with tighter monetary policy, support macroeconomic stability. This Macro Poverty Outlook presents GDP, debt and fiscal forecasts and examines the implications for critical economic and social concepts such as growth, poverty reduction and macroeconomic stability.

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