Kazakh Economy Minister forecasts growth of domestic production in export oriented sectors
ASTANA. February 8. KAZINFORM. /Damir Baimanov/ Kazakh Minister of Economy and Budget Planning Bakhyt Sultanov forecasts growth of domestic product in export oriented sectors of economy in 2010. He made it public at the 2nd sitting of the Kazakh-French Business Council on Monday, February 8.
International organizations expect recovery and growth of world economy. The increase of external demand for export products will lead to growth of domestic production in export oriented branches of Kazakhstan's economy, particularly, in metallurgical and related branches in the mining industry, the Minister said.
According to Mr. Sultanov, taking into account external and internal factors the real GDP growth rate is expected to increase from 1.1 in 2009 to 1.5-2% in 2010. The dynamics of growth will remain in oil sector. The volume of oil extraction will increase by 4.7%; industrial production will grow by 3.2%.