Uzbekistan's economy is expected to maintain steady growth in 2025, but experts highlight several systemic issues. According to the World Bank and IMF, the country's GDP could grow by 5.5-6%, though this largely depends on state investments and raw material exports.
The construction and services sectors remain key growth drivers, but industrial production is slowing. In particular, the textile and chemical industries are losing competitiveness, negatively impacting export revenues.
Inflation remains around 10%, eroding purchasing power. The central bank has been forced to tighten monetary policy, making it harder for small and medium businesses to access credit.
External debt has exceeded $35 billion, posing a serious threat to economic security. Experts say the government must accelerate reforms and focus on private sector development, otherwise growth may prove unsustainable.
Source: uznews.uz