Kazakhstan aims to achieve GDP growth of 5%

Business Materials 12 March 2019 11:04 (UTC +04:00)

Baku, Azerbaijan, Mar. 12

By Rashid Shirinov – Trend:

Prime Minister of Kazakhstan Askar Mamin has instructed the government to achieve economic growth of at least 5 percent by the end of the year, Trend reports via Kazakh media.

"According to the National Economy Ministry, in a number of regions there are gaps in the indicators of industrial and construction sectors, as well as investment in fixed assets. In this regard, the responsible state bodies and regional administrations should jointly conduct relevant activities to achieve positive indicators by the end of the quarter," he said at a government meeting.

It should be noted that in January-February 2019, Kazakhstan’s GDP growth was 3.5 percent. The dynamics was ensured by the growth of production of goods, as well as growth in the service sector. Their contribution to GDP growth was 0.91 and 2.19 percentage points, respectively.

In general, GDP dynamics accelerated in the first two months, inflation remained within the target band, investment growth resumed, and international reserves were stable.


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