By the end of the year, Kazakhstan’s economy is expected to
grow by around 5%, according to the Eurasian Fund for Stabilization and
Development (EFSD). However, GDP growth may slow to 4.3% by 2027. Despite this,
experts say there are no critical threats to financial stability. Overall, the
country’s economy remains resilient to external shocks. Key drivers of growth
include transportation, mining, manufacturing, and the construction sector.
«The main sources of growth are domestic demand - both
consumer and investment. In Kazakhstan, it is investment demand in particular
that is being stimulated through fiscal policy and serves as a key growth
driver. Additionally, the energy sector is a significant contributor to
economic expansion. That’s why we are closely monitoring developments in energy
markets - especially the oil market - including changes in oil prices and
demand. One of the factors that will influence sustainable economic growth is production
at new oil fields,» said Sergey Ulatov, EFSD chief economist.
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