It should be noted that the National Bank of Kazakhstan will announce its next decision on the base rate on May 26.
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ADB analysts forecasted that an increase in prices for major export goods will also help maintain business activity and stimulate investment into the country.
According to the document, GDP growth is expected to accelerate to four percent next year.
The Kazakh Government has set tasks for 2023, such as economic growth at four percent.
According to a report of the international financial institution, ECA’s gross domestic input is set to expand only 0.3 percent.
The volume increased by about 3.3 percent in July.
The data show that the foreign trade turnover increased by 40 percent.
Economic growth rates after the January events are expected to fully recover at the beginning of the second half of the year.
The outlook for 2022 has become less positive.
Photo exhibition dedicated to 30th anniversary of Kazakhstan’s independence opens in Germany.