Kazakhstan’s GDP growth is projected at 4.9% this year by
the Asian Development Bank (ADB). According to the financial institution’s new
report, the acceleration of the country’s economic growth in 2025 reflects an
expected increase in oil production as a result of the launch of the Future
Growth Expansion project at Tengiz. Experts believe that to sustain growth, the
country needs to strengthen its public financial management system and improve
fiscal governance. These measures, along with structural reforms to develop the
private sector, will enhance the economy’s ability to withstand external
shocks. Analysts also expect inflation in Kazakhstan to decline, noting that
tight monetary policy and a stable exchange rate will help contain price
growth.
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