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Bishkek (AKIpress) - The growth of gross domestic product (GDP) of Uzbekistan will make up 8.1% in 2014, UzDaily referred to a report of the UN Economic and Social Commission for Asia and the Pacific (ESCAP), Economic and Social Survey of Asia and the Pacific 2014.
Thus, the GDP of Uzbekistan grew by 8% in 2013. Subdued global demand for, and lower prices of, gold adversely affected the country’s export earnings.
The economy is projected to continue to expand at a high rate of 8.1% this year. Lower profit and income taxes should support the industrial activities.
According to ESCAP forecast, the inflation level in Uzbekistan will fall from 12.1% in 2013 to 11% in 2014.