BAKU, Azerbaijan, January 12
By Nargiz Sadikhova - Trend:
Kazakhstan’s GDP growth is forecast to equal 3.7 percent in 2022, World Bank’s Global Economic Prospects Report 2022 said, Trend reports citing the WB.
The report said that the forecast corresponds to the June 2021 projection.
Furthermore, the estimated GDP growth for 2021 is 3.5 percent as compared to negative 4.7 percent in 2020. The forecast for 2023 stands at 4.8 percent, which also corresponds to June 2021 projections.
Growth in ECA is forecast to slow to 3 percent in 2022 — about half the pace of 2021 — as tighter macroeconomic policy and recurrent COVID-19 outbreaks, including from Omicron, weigh on demand.
Regional growth is forecast to continue to ease in 2023, slowing to 2.9 percent, as fiscal support continues to be withdrawn. The boost from external demand is expected to fade in 2023, as global and euro area growth decelerate and commodity prices edge down.
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