Economic growth in Uzbekistan is expected to exceed 5% in the context of the Russian-Ukrainian war

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Against the background of the ongoing war between Russia and Ukraine since February this year, the sanctions imposed on Russia by the US and EU countries, the situation in international markets, and economic crises, economic growth is expected to exceed 5% annually in Uzbekistan.  This is stated in the address of the President of the Republic of Uzbekistan Shavkat Mirziyoyev to the participants of the II International Economic Forum of Uzbekistan in Samarkand.

"In a dangerous situation in foreign markets and partner countries, measures are taken to ensure macroeconomic stability and contain inflation.  As a result, our country is expected to grow by more than 5% this year", - says Mirziyoyev.

According to him, the continuing complex pandemic and the impact of the global economic crisis, ensuring food and energy security, and the challenges of climate change, arising against the background of various disturbances and conflicts, make it a topical agenda item.

The President expressed confidence that today’s forum will serve as an opportunity to discuss best practices in this direction and develop a joint action plan with the participation of reputable international organizations, leading foreign companies, and well-known experts.

The Head of State also stressed that the country is aimed at achieving inclusive and sustainable economic growth, human capital development, and poverty reduction at least twice in 2022-2026. Tahririyati Shaxzod Nusratulloyev
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