Inflation and Employment Problems in the Economic Development of Uzbekistan

This study explores the relationship between unemployment, inflation, and economic development in Uzbekistan, focusing on their impacts on GDP. Theoretical frameworks such as the Phillips curve, Okun's law, and monetarism are employed to examine how these macroeconomic variables interact. A detailed analysis is conducted using statistical data from 2015 to 2025, revealing how inflation and unemployment have affected Uzbekistan's GDP growth. The study also draws comparisons with the experiences of other nations to understand potential strategies for Uzbekistan. Key findings highlight that low unemployment and moderate inflation are crucial for sustaining economic growth. The research underscores the importance of stable macroeconomic policies, such as inflation targeting and labor market reforms, in achieving long-term economic stability. Despite challenges like external shocks and demographic pressures, Uzbekistan's government initiatives aimed at reducing inflation and promoting employment have shown positive results. The study emphasizes that continued policy adaptation to global economic trends is vital for ensuring future growth and stability in the country's labor market and economy. The study's findings indicate that stable economic growth is mostly dependent on low unemployment, moderate inflation, and the development of an efficient labor market.