Troika Dialog decreases Kazakhstan GDP growth forecast to 4.5% this year.

By bne IntelliNews June 6, 2012
Troika Dialog revised downward its forecast of Kazakhstans GDP growth from 6% to 4.5% this year. The agency blames uncertainty on global markets for the downward revision. Troika noted in its review any external shock able to bring down oil prices and cause capital flight, which is usually associated with the dollar strengthening, will negatively affect Kazakhstan's economic growth dynamics. As we reported, the Kazakh government expects GDP growth at the level of 6% while the Kazakh president recently stated that GDP would expand by 7% this year. The IMF sees Kazakhstans GDP growth at 5.9-6% this year.

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