Head of Kazakh Statistics Agency doubts 6-7% GDP growth in 2010

May 14. Interfax-Kazakhstan

Head of Kazakh Statistics Agency doubts 6-7% GDP growth in 2010The Head of the Kazakh Agency for Statistics Alikhan Smailov believes that a 6-7% GDP growth in 2010 might be unfeasible.

“A 6-7% annual GDP growth requires considerable effort; we need to set concrete goals before the ministry’s supervising industrial development, which as far as I know is being done at the moment to enhance our country’s economic growth. However we won’t be able to achieve a 6-7% growth if the current tendency persists,” he said a press-briefing in Astana on Friday.

Smailov noted that the government needed to take additional measures to assist the Kazakh business in the production of goods and services.

As reported on Tuesday, the Kazakh Prime Minister Karim Masimov said it was essential to ensure a steady GDP growth at 7%. He also noted that Kazakhstan’s GDP increased by 7.6 % in January-April 2010 as compared with the same period in 2009.

In 2009 the GDP grew 1.2% in Kazakhstan.

The Kazakh Government forecasted a 2% GDP growth for 2010. However, the Kazakh Minister of Economic Development and Trade Zhanar Aytzhanova noted that the GDP projection would be revised upwards.