The Asian
Development Bank (ADB)
has revised its economic growth forecast for Kazakhstan upwards. Financial
analysts have projected that the country’s GDP will rise to 4.1 percent in 2023
and 4.3 percent in 2024. Experts attribute this to growth in consumption and
higher government expenditures, including on infrastructure modernization and
social programs. Inflation is expected to continue its downward trend.
According to forecasts, it will amount to 7.6 percent next year. As for other
Central Asian countries, the situation is also looking positive. The ADB
predicts that the region's economy will grow by over 4.5 percent. This upward
revision takes into account domestic demand, which exceeded expectations in
Kazakhstan, Tajikistan, Uzbekistan, and other countries. It reflects active tourist
arrivals, fiscal stimulus, monetary easing, and increased domestic money
transfers.
