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Kazakhstan is among top three countries by economic growth rate

25 october 2011, 12:44
0
Astana, capital of Kazakhstan. ©AFP
Astana, capital of Kazakhstan. ©AFP
Kazakhstan is one of top three countries with the fastest growing economies, Kommersant writes citing the research made by Ernst & Young.

Qatar was ranked the quickest growing economy in the past 10 years with its real GDP grows amounting to an average of 13 percent a year. It is followed by China, Kazakhstan and India. “A significant asset of a fast growting market is it human resources. 4.2 billion people live in 25 fastest growing countries. This constitutes 60 percent of the world's population. Growing population is a labor force reserve and a source of demand for goods and services,” Development forecast for fast growing markets (FGM) by Ernst & Young reads.

The company is sure that the role of FGM will be growing during the recession. It is expected that by 2020 they will be responsible for 50 percent of the world’s GDP by purchasing power parity, 38 percent of the world’s constumer spendings and 55 percent of the world’s assets investments.

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