OREANDA-NEWS.  May 22, 2013. The European Bank for Reconstruction and Development (EBRD) raised its forecast on economic growth of Uzbekistan for 2013.

According to the report “Regional Economic Prospects in EBRD Countries of Operations”, the gross domestic product (GDP) of Uzbekistan will grow by 7.5% in 2013. In January 2013, the bank forecasted that economy of Uzbekistan will grow by 7% this year. The bank said that Uzbekistan’s economy will grow by 7% in 2014.

According to official data, the GDP of Uzbekistan grew by 8.2% in 2012. The Government expects that the growth of GDP will make up 8% in 2013.

The bank’s experts said that the inflation level in Uzbekistan will make up 11% in 2013 against 12.1% in 2013.