The Astana Times provides news and information from Kazakhstan and around the world.
ASTANA – The European Bank for Reconstruction and Development (EBRD) is predicting lower growth for most of Central Asia in its most recent Regional Economic Prospects report, forecasting average growth of 3.8 percent for this year and 3.9 percent in 2016, far below 2014’s 6 percent average. Kazakhstan’s growth is forecast at 1.5 percent in 2016 and 1.2 percent in 2015, “sharply lower” than the 4.3 percent growth rate in 2014.
“Growth and financial stability in Central Asia in 2015 have been significantly affected by the recession and currency …read more
Source: The Astana Times
