UzAFI – State Investment Committee of the Republic of Uzbekistan

01/15/2021 | Press release | Distributed by Public on 01/15/2021 15:13

“Le Figaro”: Uzbekistan is one of the few countries in the world that managed to avoid a recession in 2020

The popular French publication Le Figaro published an article entitled 'Countries that avoided recession in 2020', which notes that the Republic of Uzbekistan is one of the few countries in the world that escaped economic recession in 2020 due to the coronavirus pandemic.

The article notes that according to the World Bank, the world GDP has decreased by 4%. The recession that hit the world last year is on an unprecedented scale since the two world wars. 'From Europe to America, from Africa to Asia, no continent has escaped this historic shock. According to Le Figaro, only a few countries have managed to cope with the 'planetary tsunami', demonstrating economic growth in a difficult 2020.

The journalist of the publication Armel Bohinest notes that the three states of Central Asia, in particular Uzbekistan, demonstrated positive economic activity in 2020.

'The leadership of Uzbekistan was able to take quick action, in particular, increased social spending and health care, and significant assistance was provided to small and medium-sized enterprises to cope with COVID-19, according to the International Monetary Fund.

The leader of this country, which has rich natural resources (natural gas, metals, fertilizers, cotton) and a high tourism potential, has been carrying out large-scale economic reforms in recent years in order to remove the country from the model of 'hard governance' that prevailed until 2016, 'it is noted in the article.

According to Le Figaro, the World Bank has counted 22 countries, including China, Turkey, Vietnam and others, that managed to avoid a recession in 2020.

Le Figaro, the leading French newspaper, founded in 1826, is an important player in digital information and a leader in news sites, with nearly 23.5 million monthly visitors. The circulation of the newspaper is 329 thousand copies.

https://dunyo.info/