Kazakhstan’s economy is expected to grow this year, with GDP projected to reach 5.3%. Analysts from the Asian Development Bank (ADB) cite government investments in infrastructure and increased resource extraction as the reason for the improved forecast.
«The forecast was raised due to an increase in production, specifically oil production, which has reached double-digit growth. There was also growth in investments in manufacturing capital and the construction sector. Next year, a slight slowdown in Kazakhstan’s economic growth is expected due to adaptation to global shocks caused by tariffs announced by the U.S. administration. As a result, a general slowdown in the global economy is anticipated, which will also affect Kazakhstan’s economy,» said Genadiy Rau, an economist at the Asian Development Bank.
Notably, other financial
institutions have also raised their forecasts for Kazakhstan’s GDP growth. According to the European
Bank for Reconstruction and Development (EBRD), the country’s economy is expected to reach 5.7% in 2025. The
International Monetary Fund (IMF) projects a 5% growth rate, while the Eurasian Development Bank (EDB) expects an increase
of 5.5%.
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