Kazakhstan revises upward its GDP forecast.

By bne IntelliNews January 19, 2011
Kazakh authorities revised upwards its GDP forecast. Presently, the government expects GDP to increase by 4-5% y/y this year, economy minister Zhanar Aitzhanova has stated. The original forecast was 3.1%. At the same time, the IMF expects this years GDP growth in Kazakhstan at 4.5-5% thus the governments forecast very matches with this international institution projection. In 2010, GDP growth is preliminary estimated by the government at 7% y/y. Inflation is expected to be in range of 4-6% in 2011. Last year, inflation made up 7.8% y/y.

Related Articles

Kazakhstan in talks with McDonald's.

Kazakhstan is in talks over McDonald's enter to the Kazakh market, President of the Eurasian Franchising Association, Beknur Kissikov has said. He added that the main reasons that McDonald's is ... more

Kazakhstan to establish institute for energy and energy effectiveness.

Kazakhstan will establish institute for energy and energy effectiveness, deputy PM and Minister of Industry and New technologies Aset Isekeshev has informed. The new entity should start operating ... more

Kazakhstan to diminish oil products imports from Russia.

Kazakhstan plans to diminish oil products imports from Russia, according to Kuandyk Kulmurzin Director of oil industry development department in Oil and Gas Ministry. He explained that the reason ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss