Kazakhstan’s economy grew almost
five percent in nine months of this year, according to the report on the
country’s social and economic development delivered by Minister of National
Economy Alibek Kuantyrov at a government meeting. The highest growth rates are observed
in the construction, trade, and communications sectors, he said. Also,
investments in fixed assets showed a 12 percent increase. Over the eight
months, Kazakhstan’s foreign trade has maintained dynamic growth, exceeding $91
billion. Exports accounted for over half of this amount, while imports approached
$40 billion. What’s more, inflation rate has kept its slowdown for seven months.
“There are 2.5 months left until
the end of this year. It is necessary to intensify work and take concrete measures
to increase growth rates in all sectors of the economy. All responsible state
bodies and local authorities should continue proactive work to stabilize food
prices and stimulate domestic food production. It is important to accelerate
the implementation of investment projects in the non-oil sectors, including
manufacturing, agriculture, transport, logistics, IT, tourism and other areas
with the involvement of foreign and domestic investors,” said Kazakh Prime
Minister Alikhan Smailov.
