In 2026, the economies of the Middle East and Central Asia could face a combined GDP contraction of 0.3% due to the escalation of regional conflicts and the blockage of key trade routes, such as the Strait of Hormuz. This was reported by Daryo.uz, citing the IMF and Al Jazeera.
While hydrocarbon-rich economies in the Middle East – Kuwait, Iraq, and Qatar – are expecting a double-digit decline, the Central Asian region is demonstrating high resilience to global shocks.
In contrast to the overall negative dynamics in the macroregion, the economy of Uzbekistan continues to maintain a steady expansion trajectory.
The country is demonstrating positive GDP growth thanks to large-scale domestic reforms, the development of infrastructure projects, and the diversification of foreign trade.
The data highlight fundamental changes in Uzbekistan's economic structure and its resilience to external factors.
Unlike oil and gas exporters hit by the logistics crisis in the Persian Gulf, Uzbekistan has minimized risks by relying on domestic production, construction, and services.
High prices for base metals, including gold, coupled with a steady influx of foreign direct investment, provide Tashkent with a reliable financial cushion.
At the same time, active integration into alternative transit corridors and accelerated preparations for WTO accession allow the country to maintain sustainable growth rates even as global trade slows.
CentralasianLIGHT.org
October 13, 2026