Kazakhstan’s development rates rather reduce: prime minister
Kazakhstan, Astana, April 1 / Trend K. Arinova /
Kazakhstan's rates of development rather reduced, the Kazakh Prime Minister Karim Masimov said on April 1 addressing with report on Kazakhstan's budget specifying for 2009 in the Majlis.
"According to preliminary information, Kazakh GDP reduced 1.2 percent in January, Masimov said.
Industrial production reduced 3.2 percent, construction operations - 11.5 percent within two months of 2009. Unemployment increased from 6.9 percent in January to 7.1 percent in February.
According to the head of the government, economic indices reduced in many world countries.
So, negative growth of GDP was fixed in the USA, EU countries and Japan in the fourth quarter of 2008.
"The International Monetary Fund has reduced twice forecasts of the world economy development in 2009. One of these days the World Bank has published estimates of the global economy development. According to the World Bank, reduction of the world economy can hit 1-2 percent. Negative growth is forecasted in the amount of 3-3.5 percent in the biggest developed countries," Masimov said.
Do you have any feedback? Contact our journalist at [email protected]