Kazakhstan Expects Economic Growth to Quicken to 6% Next Year

Aug. 28 (Bloomberg) -- Kazakhstan expects economic growth for the biggest oil producer in the former Soviet Union after Russia to quicken next year to 6 percent, Economic Development and Trade Minister Bakytzhan Sagintayev said.

The pace of expansion may accelerate to 6.1 percent in 2014 and to 7.6 percent in 2015, Sagintayev said at a government meeting in the capital Astana today. Kazakhstan’s gross domestic product increased 5.6 percent in the first half of the year from the same period last year.

To contact the reporter on this story: Svetlana Antoncheva in Astana, Kazakhstan at santoncheva1@bloomberg.net

To contact the editor responsible for this story: Brad Cook at bcook7@bloomberg.net