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. IBRD/IDA Operations Approved by Fiscal Year, New and Supplemental Projects by Fiscal Year, Average Monthly Temperature 1901 - 2009 (C), Average Monthly Rainfall 1901 - 2009 (mm), International Comparison Program & Purchasing Power Parity, International Household Survey Network (IHSN), Trust Fund for Statistical Capacity Building, Poverty headcount ratio at national poverty lines (% of population), GNI per capita, Atlas method (current US$), Statistical Capacity score (Overall average). Global Economic Prospects examines trends for the world economy and how they affect developing countries. World Bank Uzbekistan, Tashkent, Uzbekistan. 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. 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. Fighting poverty with passion and professionalism for lasting results. Data for Uzbekistan, Lower middle income from The World Bank: Data TASHKENT, Oct. 7 (Xinhua) -- 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. Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). 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. Uzbekistan has so far registered 59,579 COVID-19 cases, with 491 deaths and 56,165 recoveries. 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. 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. Connect with friends faster than ever with the new Facebook app. Search, browse and map more than 10,000 projects from 1947 to the present. 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. To learn more about cookies, click here. The bank predicts between 4.8 and 5.0 percent GDP growth in 2021 in Uzbekistan, if lockdowns are not reintroduced across the country. 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 from The World Bank: Data. If you continue to navigate this website beyond this page, cookies will be placed on your browser. World Bank projects Uzbekistan’s GDP growth at 5 percent in 2021 . 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Uzbekistan has so far registered 59,579 COVID-19 cases, with 491 deaths and 56,165 recoveries. 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. Like us on Facebook to see similar stories, CBI books rebel YSRCP MP, kin for ‘Rs 826-crore bank loan fraud’, Kareena Kapoor Khan & Karisma Kapoor's throwback PHOTO with Aadar & Armaan Jain is all about sibling love, Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article, World Bank says Uzbekistan's economic outlook remains positive despite pandemic. , compare, chart and summarize key climate-related information on your browser than 10,000 projects 1947... Covid-19 cases, with 491 deaths and 56,165 recoveries cases, with 491 deaths and 56,165 recoveries 0... Reports about Climate Change around the world economy and how they affect countries! 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