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GDP expected at 5% in H1 in Kazakhstan

23 april 2013, 18:36
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Kazakhstan Minister of Economy and Budget Planning Yerbolat Dossayev. ©primeminister.kz
Kazakhstan Minister of Economy and Budget Planning Yerbolat Dossayev. ©primeminister.kz
Forecast GDP growth will make 5 percent in Kazakhstan in the first half of 2013, Tengrinews.kz reports citing Kazakhstan Minister of Economy and Budget Planning Yerbolat Dossayev as saying at the government meeting.

“We have seen some acceleration in the GDP growth in the first quarter of this year. If this trend remains and the growth rate continues at the same pace, the economy growth in the first half of the year should make 5 percent,” Dossayev said.

He said that according to preliminary evaluations, the country’s GDP grew 4.5 percent in the first quarter of 2013.

The GDP growth in the second half of the year is expected at the level of 6.8 percent, considering the seasonal factors and against the backdrop of last year’s subsidence -- including that in agriculture. This would being the general economy growth to the target level, the Minister said.

The Government forecasts a 6-percent GDP growth in Kazakhstan in 2013.


By Baubek Konyrov

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