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Tight financial insurance policies in 2004 resulted in a drastic reduction of inflation to three.8% (although different estimates based mostly on the value of a real market basket put it at 15%). According to the Economist Intelligence Unit, “the government is hostile to allowing the development of an independent private sector, over which it will don’t have any control”. Uzbekistan has GNI per capita of US$2,020 in present dollars in 2018, giving a PPP equal of US$7,230. The inflation charges had been introduced all the way down to 50% in 1997 after which to 22% in 2002. In 2011, Uzbekistan was the world’s seventh-largest producer and fifth-largest exporter of cotton as properly as the seventh-largest world producer of gol The inflation rates moved up to 6.9% in 2006 and 7.6% in 2007 however have remained in the single-digit vary.
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