The dynamic transformation of Uzbekistan’s economy
Uzbekistan, one of the largest economies in Central Asia, is undergoing a dynamic transformation marked by robust economic growth, structural reforms, and diversification efforts. After decades of isolation, the country has embraced a reform-oriented agenda that aims to integrate more deeply into the global economy, attract foreign investment, and diversify its economic base. These efforts are beginning to pay off, positioning Uzbekistan as a rising economic power in the region. Uzbekistan’s economy has experienced consistent growth in recent years, even amid global uncertainties. In 2023, the country’s GDP growth is estimated to be around 5.5%, driven by expanding industrial output, construction, and the services sector. The government’s commitment to macroeconomic stability, including inflation control and fiscal discipline, has contributed to investor confidence. The country has also managed to maintain stability…