Kazakhstan will start rehabilitating from crisis in July- expert
Almaty. May 22. KazTAG - Kazakhstan will start rehabilitating from coronavirus crisis by July, said Sergey Domnin, journalist.
"In the future I think there will be a serious decline (of GDP growth-KazTAG) by the results of May-June. However, probably, by July we will start rehabilitating from this hard crisis," he said at the international video-conference “Harmonization of economic strategies of the EAEU states in pandemic crisis ” organized by the Siberia-Eurasia expert club.
In his opinion, the second quarter of 2020 will be the hardest.
"As for the expectations, the second quarter will be the hardest not only for Kazakhstan but also for all the states which imposed quarantine and restricted business activity . In the first quarter Kazakhstan saw 27% growth, while April was a bad month, the rates of GDP growth lowered by 1% year on year," he said.
Photo source: picture from an open source