Economy growth will make up 5.5% this year in Kazakhstan- S&P

Date: 08:30, 10-04-2014.

Almaty. April 10. KazTAG - The growth of the Gross Domestic Product will make up about 5.5% in Kazakhstan in 2014, said Anvar Gabitullin, representative of Standard&Poor's international rating agency.

"We expect about 5.5% real GDP growth in 2014, about 6%-in a  year. It is a bit higher than average world indexes which make up 3.5-4%," he said at the X international risk management conference.

He reminded currently the sovereign rating of Kazakhstan is at the level "BBB+", outlook stable. He indicated "political risks" as a factor keeping the rating down.

"We can see the policy is very centralized," he said.

"We also indicate high dependence on oil as it brings about 50-60% of state profit. And two key risks which we see in the sovereign rating as a whole, it is oil and potential reduction of oil demand," he said.

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