Kazakh Economy minister predicts GDP surge in next 5 yrs
ASTANA. August 28. KAZINFORM Kazakhstan's Minister of Economic Development and Trade Bakytzhan Sagintayev predicted GDP growth in next five years on Tuesday (August 28) at the governmental session in Astana.
He announced that real GDP growth is believed to make 6 per cent in 2013; 6.1%, 7.6%, 6.6% and 6.9% in 2014, 2015, 2016 and 2017 respectively.
"These figures conform to the expected 7% growth of economy in mid-term," Minister Sagintayev stressed.
According to him, the GDP will grow based on domestic demand amounting to 6.5-6.8% per year and overseas demand on Kazakhstani products.
"It is expected that nominal GDP will increase from KZT 36 trillion in 2013 to KZT 65 trillion in 2017. Annual average growth of industry is to account for 5.5%," Bakytzhan Sagintayev concluded.