S&P Global Ratings has revised Uzbekistan’s outlook to positive from stable, affirming its 'BB-/B' ratings. The change reflects steady economic reforms, resilient growth, and support from high gold prices, which are helping stabilize the country’s fiscal and external positions.
S&P Global Ratings upgraded Uzbekistan’s outlook to positive, citing ongoing structural reforms, robust domestic demand, and high gold prices as key factors boosting growth and fiscal stability. The agency affirmed the country's 'BB-/B' long- and short-term sovereign credit ratings.
Uzbekistan’s economy is projected to grow by 5.6% on average through 2028, driven by government-led investment, labor remittances, and energy sector reforms. Plans to gradually increase energy tariffs and reduce subsidies are expected to lower the fiscal deficit from 4.9% of GDP in 2023 to around 3% over the medium term.
Rising gold exports are enhancing fiscal revenues and foreign exchange reserves. While public debt is increasing due to infrastructure spending, it is expected to remain manageable, reaching 34% of GDP by 2028.
However, risks remain due to centralized governance, dependence on commodity exports, and exposure to external shocks.
S&P noted that continued reforms and efforts to strengthen fiscal discipline could lead to a rating upgrade. Conversely, slower growth or rising deficits may stabilize the outlook.
Adults are inhaling around 68,000 microplastic particles each day, researchers warn, over 100 times previous estimates....
OpenAI is set to launch its first European data centre under the Stargate programme, partnering with developer Nscale Global Holdings and Norwegian in...
Traces of organic chlorides have been detected in some batches of crude oil sent to global markets via the Baku–Tbilisi–Ceyhan (BTC) pipeline, one...
Microsoft’s market capitalization surpassed $4 trillion in after-hours trading on Wednesday following a stronger-than-expected earnings report for i...
New Zealand’s parliament on Thursday passed legislation ending a ban on offshore oil and gas exploration, reversing a flagship policy of former Prim...
OpenAI is set to launch its first European data centre under the Stargate programme, partnering with developer Nscale Global Holdings and Norwegian investment firm Aker ASA to establish a $1 billion facility in Norway, the companies announced on Thursday.
Microsoft’s market capitalization surpassed $4 trillion in after-hours trading on Wednesday following a stronger-than-expected earnings report for its fiscal fourth quarter, driven by robust growth in its cloud business.
New Zealand’s parliament on Thursday passed legislation ending a ban on offshore oil and gas exploration, reversing a flagship policy of former Prime Minister Jacinda Ardern’s government.
The European Commission has said it does not view imposing network fees on major technology firms as a practical solution to the ongoing debate over funding the expansion of 5G and broadband infrastructure across the bloc.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
'Superman' continued to dominate the summer box office, pulling in another $57.25 million in its second weekend, as theatres welcome a wave of blockbuster competition following a challenging few years for the film industry.
Traces of organic chlorides have been detected in some batches of crude oil sent to global markets via the Baku–Tbilisi–Ceyhan (BTC) pipeline, one of Azerbaijan’s main export routes.
Kazakhstan Temir Zholy, the country's national railway company, has announced plans to construct more than 1,700 kilometers of new rail lines and upgrade 3,000 kilometers of existing ones as part of the strategic Trans-Kazakhstan Railway Corridor development.
China and the United States have agreed to extend tariff pauses and deepen economic consultations following two days of trade talks in Stockholm, Chinese Vice Premier He Lifeng said on Tuesday.
Assistant to the President of Azerbaijan and head of the Presidential Administration’s foreign policy department, Hikmat Hajiyev, has met with Ukraine’s ambassador, Yuriy Husyev.
Asian shares slipped on Thursday as disappointing Chinese economic data and a sharp fall in copper prices weighed on sentiment, while the yen firmed after the Bank of Japan held interest rates steady but raised its inflation forecast.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment