According to the Eurasian
Development Bank’s (EDB) forecast, Kazakhstan’s gross domestic product (GDP)
growth rate is expected to remain at five percent in 2024, consistent with the
EDB’s April analysis. Experts anticipate that government measures to diversify
Kazakhstan’s economy will act as a catalyst for sustained GDP growth in the
medium term. Moreover, the National Bank of Kazakhstan’s base rate is projected
to remain above 13 percent per annum by year-end, decreasing to 8.75 percent in
2025. Notably, the EDB plans to invest $1 billion in Kazakhstan’s economy by
the end of the year, focusing on projects in transportation, industry, energy,
agriculture, and the construction and modernization of social infrastructure.
