BAKU, Azerbaijan, January 11. The real GDP growth of Kazakhstan for 2023 is forecasted to reach 3.5 percent, Trend reports, referring to World Bank's Global Economic Prospects January 2023 report.
The Bank reduced its prior projection of 2023 growth by 0.5 percent.
Meanwhile, the real GDP growth for 2024 is expected to reach 4.0 percent, which is an increase of 0.5 percent compared to the projection made previously.
Consequently, the World Bank expects the Kazakh economy to increase its expansion rate for the third straight year. In 2022 the real GDP growth of Kazakhstan is expected to grow by 3.0 percent.