Kazakhstan’s Economy May Expand 7% This Year, Kelimbetov Says
Kazakhstan’s economy may grow 7 percent this year bolstered by “favorable” conditions on global commodity markets, Economic Development and Trade Minister Kairat Kelimbetov said.
President Nursultan Nazarbayev ordered that the economy must expand at least 7 percent, Kelimbetov said today at a Cabinet meeting in the capital, Astana, according to an e-mailed copy of his speech.
“We see reserves for the 7 percent growth in the processing industry and construction,” Kelimbetov said. The Kazakh economy expanded 6.5 percent in the first quarter compared with the same period last year, he said, citing preliminary figures.
To contact the reporter on this story: Nariman Gizitdinov in Almaty at ngizitdinov@bloomberg.net
To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net
Rate this Page
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.