Inflation is expected to decrease by 2 times in Kazakhstan
Economy
The country's international reserves currently stand at about $95 billion. Alikhan Smailov noted that thanks to the measures taken by the government, the country's economy demonstrates stable growth rates.
Inflation in Kazakhstan is gradually decreasing. This was stated by the Prime Minister of the Republic of Kazakhstan Alikhan Smailov at an expanded meeting of the faction of the party "Amanat".
He noted that by the end of the year, inflation will be halved compared to 2022.
"Despite the consequences of the pandemic and difficult geopolitical conditions, thanks to the measures taken, our country's economy is demonstrating stable growth. In particular, over 7 months of 2023, economic growth amounted to 4.8 percent. Positive dynamics is observed in all key areas," Smailov said.
The minister said that GDP per capita in Kazakhstan rose to $13.3 thousand.
"This year, foreign trade turnover has increased by $140 billion. Currently, the country's international reserves are about $95 billion," Smailov said.
He noted that by the end of the year, inflation will be halved compared to 2022.
"Despite the consequences of the pandemic and difficult geopolitical conditions, thanks to the measures taken, our country's economy is demonstrating stable growth. In particular, over 7 months of 2023, economic growth amounted to 4.8 percent. Positive dynamics is observed in all key areas," Smailov said.
The minister said that GDP per capita in Kazakhstan rose to $13.3 thousand.
"This year, foreign trade turnover has increased by $140 billion. Currently, the country's international reserves are about $95 billion," Smailov said.
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