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IMF forecasts decline in Kazakhstan’s GDP growth

Kazakhstan Materials 13 April 2016 14:34 (UTC +04:00)
The International Monetary Fund (IMF) forecasts a decline to 0.1 percent in Kazakhstan’s GDP growth in 2016 and to 1 percent – in 2017, as compared to 1.2 percent in 2015.
IMF forecasts decline in Kazakhstan’s GDP growth

Baku, Azerbaijan, Apr. 13

By Elena Kosolapova - Trend:

The International Monetary Fund (IMF) forecasts a decline to 0.1 percent in Kazakhstan's GDP growth in 2016 and to 1 percent - in 2017, as compared to 1.2 percent in 2015, said the IMF's World Economic Outlook.

Kazakhstan's GDP growth will increase up to 4.9 percent until 2021, according to the IMF.

The Fund also forecasts the growth in consumer prices at the level of 12.1 percent in 2016 and 9.3 percent - in 2017, as compared to 6.5 percent in 2015.

The current account deficit is forecasted at the level of 4 percent in 2016 and 1.5 percent - in 2017, as compared to 2.6 percent in 2015.

The unemployment in Kazakhstan will remain at the level of 5 percent in 2016 and 2017 as it was in 2015, according to the IMF.

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