The World Bank has improved its
forecast for Kazakhstan’s GDP growth in 2024, with the economic upturn standing
at the level of 4.3 percent this year and 4.5 percent in 2025, as stated in the
January report. The World Bank had previously predicted the country’s GDP
growth at four percent. According to analysts, overall, the economy of Central
Asia will remain stable at around 4.8% annually over 2024-25, the highest
growth among subregions. It is expected that Kazakhstan will be supported by consistently
high prices for raw materials, stable consumer spending amid cooling inflation,
and export growth driven by the expanding oil production capacity.
Web-editor: Aizhan
Related Articles
