OREANDA-NEWS. October 15, 2012. The Asian Development Bank (ADB) maintained its April GDP growth forecasts of Uzbekistan for 2012 and 2013, the bank’s Asian Development Outlook 2012 Update said.

The Asian Development Outlook 2012 Update (ADO Update) said that the economy of Uzbekistan will grow by 8% in 2012 and 7.9% in 2013 respectively.

The ADB experts said that Uzbekistan’s economy is forecast to grow at 8.0% in 2012 and 7.9% in 2013 thanks to continued public investment and rising wages and remittances, which will strengthen growth in services and retailing.

The ADB also kept its forecast on the level of inflation in Uzbekistan. The bank said that the inflation level will be 9.5% in 2012 and 9% in 2013.

According to the ADB, the current account surplus is projected at 7% in 2012 and 6% of GDP in 2013. Earlier, the bank forecasted that the current account surplus will make up 7.5% in 2012 and 6% in 2013.