Growth rates of Kazakhstani economy will decline to 4.5-5.5% in 2015-2016 - IMF
Astana. December 9. KazTAG - The rates of GDP growth of Kazakhstan in 2015-2016 will slow down to 4.5-5.5%, reports the Internal Monetary Fund (IMF).
"Despite recently announced budget support measures, in the result of long term low indexes of world economy development, including lower oil prices and postponement of Kashagan launch, the economic growth of Kazakhstan will make up about 4.5-5.5% in 2015-2016," reads the statement.
Following reduction of domestic and external demand (especially in Russia, China, and Europe), ongoing tension in the region and reduction of oil price, economic growth will fall down from 6% in 2013 to 4.3% in 2014.
As it was previously reported, the IMF forecasted 4.6% GDP growth in Kazakhstan in 2014.