Kazakhstan economic review. March 2012 – domestic demand fuels growth

Kazakhstan economic review. March 2012 - domestic demand fuels growthBasic sector output up 4.6% y-o-y in 2m12. Trade, which rose 14.1% y-o-y, was the major driver of the economic growth at the start of the year, while investment activity saw a more moderate increase (5.5%). External conditions are still favorable for Kazakhstan, as the Urals oil price has surpassed $120/bbl. Thus, economic growth this year is forecast at around 6%. Although industrial output growth will be slightly above 3%, the service sector will see a quicker acceleration.

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Gov’t & National Bank Outline Economic Results of 2011, Economic Policy Priorities for 2012

Gov’t & National Bank Outline Economic Results of 2011, Economic Policy Priorities for 2012Thanks to the coordinated economic policy pursued by the Government and the National Bank, Kazakhstan enjoyed macroeconomic, financial, and social stability in 2011. Despite the continuing and deepening crisis in developed countries, Kazakhstan’s economy has kept growing last year, registering a 7.5 percent growth in gross domestic product (GDP), according to preliminary data.

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