EBRD retains Kazakhstan’s 6 percent GDP growth forecast in 2013

January 28, 2013

In Kazakhstan, GDP growth decreased from 7.5 percent in 2011 to 5 percent in 2012, due to the problems of external factors. It is expected that the GDP growth will recommence in 2013 due to the introduction of Kashagan’s new phase.

Interfax reports that the European Bank for Reconstruction and Development has retained its October forecast for Kazakhstan’s 6 percent GDP growth in 2013. According to the EBRD, inflation in Kazakhstan will remain moderate this year, but may slightly accelerate in the future due to an increase in food prices. At the same time, the international bank downgraded its forecast for economic growth in Kazakhstan in 2012 from 5.5 to 5 percent.