Kazakhstan’s economy on the rebound

Kazakhstan’s economy has overcome the repercussions of the global financial crisis, announced Timur Suleimenov, Vice Minister of Economic Development and Trade, when speaking at a round-table discussion in Moscow focused on post-crisis development of the Customs Union member states, Tengrinews.kz reports, citing the web site of the Kazakhstan’s Government. “This can be seen from 2010 GDP growing by 7% to reach $ 140 billion. It is a sign of healthy growth (…)”, he said. “Back at the start of 2009 unemployment stood at 6.5%, but at the start of 2010 the figure was reduced to 5.5% (…) Besides, foreign turnover standing at $ 90 billion instills hope, showing the country’s involvement into the global economy”, Mr. Suleimenov stressed. “To sum up, Kazakhstan made a significant success and its economy is on the rebound”, he summarized.