Kazakh Economy Ministry announces GDP growth forecast for 2013

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BAKU. February 9. KAZINFORM The economic growth in Kazakhstan will hit 6 percent in 2013, Novosti-Kazakhstan reported with the reference to the Kazakh Economy and Budget Planning Ministry.

"According to our forecasts, the economic growth in 2013 will be stable. We expect the negative impact of global economy's instability will be less significant than in 2012. There are all conditions for a six percent GDP growth if positive dynamics growth is observed in industrial sectors and the relevant bodies implement active policy," the materials distributed at the Ministry's meeting said.

The Kazakh National Bank earlier forecasted 5-6 percent economic growth in Kazakhstan in 2013. The inflation rate in 2013 was forecasted at the level of 6-8 percent.

In 2012, the GDP grew by 5 percent in Kazakhstan.

Source: TREND.az

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