Exciting news from Astana, Kazakhstan! The government is anticipating a robust economic growth of 5.6 percent by 2025, as discussed during a meeting led by President Kassym-Jomart Tokayev.
Expectations are high as the government aims to tackle inflation, forecasting a drop to between 5.5 and 7.5 percent in the coming year. The meeting, attended by key officials including Prime Minister Olzhas Bektenov and Chairman of the National Bank, highlighted the country’s goals for socio-economic development.
President Tokayev also emphasized the need to enhance macroeconomic indicators, prioritize government spending, and combat the shadow economy.
Last year saw significant achievements in Kazakhstan’s economy, with a growth rate of 5.1 percent and a notable increase in investments. Inflation decreased to 9.8 percent in December 2023 and prices for various goods and services showed a stable trend.
With a clear vision and strategic approach, Kazakhstan is poised for a promising future, aiming to solidify its position as a key player in the global economy.