Kazakh PM remains optimistic about 6% GDP growth in 2013.

By bne IntelliNews June 16, 2013

Kazakh PM Serik Akhmetov confirms that GDP growth is expected at 6% this year, despite global slowdown and a decline in the key sectors of the Kazakhstan's economy - metals and mining industry. GDP expanded by 5% in Jan-May. However, the PM believes that measures aimed to stimulate domestic market and the existing potential in the development of infrastructure, agriculture, construction and transportation will help to withstand recession and bring economic growth up 6%.

Kazakhstan's GDP expanded by 5% last year.  International financial institutions expect Kazakhstan's economy to expand by around 5% this year (IMF - 5.25%, Moody's - 5%). This level of growth mainly depends on Kashagan field which is about to launch oil production in September.  

Related Articles

Evolution Equity Partners closes $125mn cybersecurity-focused fund

Evolution Equity Partners announced on 17 July the final closing of a new fund with total capital commitments of $125mn to make investments in cybersecurity and next generation enterprise software ... more

Kazakhstan begins new trial of businessman charged with attempted coup d’etat

A new trial of Kazakh businessman Tokhtar Tuleshov began on July 13, in which he ... more

Kazakhstan signs law preventing “ordinary” Kazakhs from running for office

Kazakh President Nursultan Nazarbayev signed into law on July 11 a measure allowing only Kazakh citizens with at least five years of experience at government posts to register ... more

Dismiss