OREANDA-NEWS  On 28 October was announced, that International Monetary Fund (IMF) said Uzbekistan's real gross domestic product (GDP) will increase by 8% in 2008 and slips by 0.5 percentage points to 7.5% in 2009

IMF published its World Economic Outlook, which presents IMF staff's analysis and projections of economic developments at the global level, in major country groups (classified by region, stage of development, etc.), and in many individual countries.

It focuses on major economic policy issues as well as on the analysis of economic developments and prospects. It is usually prepared twice a year, as documentation for meetings of the International Monetary and Financial Committee, and forms the main instrument of the IMF's global surveillance activities.

The publication said that the consumer prices in Uzbekistan will decrease from 12.3% in 2007 to 11.1% in 2008 and further to 10.6% in 2009.

Uzbekistan's current account balance will shrink to 16.8% of GDP in 2008 compared to 19.1% in 2007. In 2009, the further slip will be observed and the current account balance will make up 12.8% of GDP in 2009, the publication said.