A meeting chaired by President Shavkat Mirziyoyev reviewed the economic development outcomes for 2024, highlighting GDP growth, industrial output, and agricultural achievements. The event brought together government officials and economic experts.

According to official data, Uzbekistan's GDP grew by 6.5% in 2024. Industrial production increased by 7.2%, while agricultural output rose by 4.8%. Investment activity also maintained a positive trend, with foreign direct investment inflows showing improvement.

The meeting also noted an increase in export volumes and positive changes in foreign trade turnover. The president outlined additional measures to deepen economic reforms and support entrepreneurship, including tax incentives and simplified regulations.

However, experts point out that despite the growth, challenges such as inflationary pressure and uncertainty in external markets persist. The recent increase in energy tariffs is expected to add financial strain on households and businesses, potentially slowing consumption.

Discussions also covered the state budget deficit and rising public debt. The government pledged to pursue a balanced fiscal policy and optimize expenditures, though critics argue that structural reforms are needed to address long-term sustainability.

Source: uznews.uz