Bloomberg: Uzbekistan may become one of the few countries to demonstrate economic growth in 2020

"Uzbekistan may become one of the few countries to demonstrate economic growth in 2020" - Bloomberg.

Earlier, Uzbekistan successfully placed two tranches of sovereign international bonds worth $ 555 million and 2 trillion soums on the London Stock Exchange.

As noted by Bloomberg, this, most likely, was partially facilitated by the elections in the United States. Progress in the creation of a vaccine against coronavirus and the news of Joe Biden's victory both whetted the appetite for more risky assets than in Uzbekistan and decided to take advantage of it.

“Uzbekistan may become one of the few countries that demonstrated economic growth this year,” Bloomberg notes.

The agency's analysts believe that Uzbekistan, whose rating is three notches below the investment grade, has every chance to improve the economic situation thanks to Eurobonds - after the news of Biden's victory, investors again turned their eyes to emerging markets and are ready to invest in these Eurobonds.

According to Sofia Donets of Renaissance Capital, Uzbekistan has survived the coronavirus better than its regional neighbors, becoming one of the few countries that managed to avoid a recession this year: