ASTANA, Kazakhstan, April 13. The World Bank has published a forecast for Kazakhstan's GDP growth for 2024-2026, Trend reports.
Kazakhstan's GDP growth is predicted to slow to 3.4 percent in
2024, 0.9 percentage points lower than the previous prediction,
which was announced in January.
However, the World Bank predicts that GDP growth will restart in
2025 as a result of the commissioning of new oil fields, reaching
4.7 percent, which is 0.2 percentage points higher than the
previous prediction.
Furthermore, the World Bank forecasts that GDP growth will fall to
3.6 percent in 2026.
In fact, Kazakhstan's economic growth rate was projected to be 5.1
percent in 2023. Last year, fixed capital investments climbed by
13.7 percent to $39.5 billion, while foreign direct investment
received $19.7 billion in the first nine months of 2023.