GDP growth by over 7% dangerous for economy: K.Massimov
ASTANA. March 2. KAZINFORM /Kanat Kulshmanov/ "GDP growth by over 7% is dangerous for the economy", Kazakh Prime Minister Karim Massimov has said today at the enlarged sitting of "Nur Otan" National Democratic Party's fraction in the Majilis (Lower House of the Kazakh Parliament).
The Premier reminded that the Kazakh economy grew by 9-10% in 2000-2009. The GDP growth was up to 1.1% last year, when some states faced significant slowdown. Thus the economic decline was forecasted in Kazakhstan a year ago, the Prime Minister noted.
"It didn't happen due to the wise President and his economic policy", K.Massimov said.
"But problems still exist. And solution of these problems is in those tasks that we set today - forced industrialization, development of small and medium business", K.Massimov said.