Uzbekistan’s economy should brace for more shocks as global uncertainty continues to impact the country’s major export partners, President Shavkat Mirziyoyev warned.
At a government meeting on Tuesday, Mirziyoyev said no one can predict how long the current global economic volatility will last. He noted that if Uzbekistan’s main trading partners continue to slow down, it could affect the local economy, especially businesses that rely on exports.
Mirziyoyev said Uzbekistan’s 2027 macroeconomic targets, state budget and investment and export plans should be drawn up under a «contingency planning framework» to shield the economy from external shocks.
To help with this, the government will set up an Economic Council and nine specialist working groups. These groups will work with local think tanks covering different sectors and regions.
By 15 August, they should provide evidence-based advice on strengthening the whole economic value chain, including resources, infrastructure, investment, manufacturing, budget revenues, and exports.
Uzbekistan’s economy grew by 8.5% in the first half of 2026, the president revealed. However, he believes growth of 9% to 10% is needed to make a real difference for the country’s population of nearly 40 million.
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