Fitch forecasts Kazakhstan's GDP decline in 2016
11:58, 2 July 2016
ASTANA. KAZINFORM - Fitch Ratings forecasts that Kazakhstan's real GDP will decrease 1 percent in 2016 compared to 1.2 percent-growth in 2015 and 4.3 percent-growth in 2014.
GDP growth will be resumed in Kazakhstan in the nearest years and will reach 2 percent in 2017 and 3 percent in 2018, according to Fitch's forecasts published in its ‘Emerging Europe Sovereign Credit' overview.
According to Fitch, inflation, which was 15.7 percent in March 2016 - the highest index for the last seven years - will drop to 10 percent by late 2016 as the exchange rate corridor is being reduced, trend.az report.
Fitch rated Kazakhstan at BBB level with a stable outlook.
Source: Trend.az