The Astana Times provides news and information from Kazakhstan and around the world.
ASTANA – The growth rate of Kazakhstan’s economy will decrease to 3.5 percent this year as oil production growth levels off and further fiscal consolidation efforts continue, according to the World Bank’s Global Economic Prospects: Europe and Central Asia Darkening Skies report. Global growth is expected to slow to 2.9 percent.
“International trade and investment are moderating, trade tensions remain elevated and financing conditions are tightening. Amid recent episodes of financial stress, growth in emerging market and developing economies has lost momentum and is projected to stall at 4.2 …read more
Source: The Astana Times
