Uzbekistan

Uzbekistan’s economy grew by 6.4% YoY in H1 2024, according to the IMF. CPI inflation rose from 8% in April to 10.5% in recent months, mainly due to increases in energy prices, while core CPI inflation grew to 7%. Remittances increased by 32% in the first seven months of the year, and international reserves provide 9.5 months of import coverage.