B. Sultanov: 1.8-2% GDP growth in H2 2009 should be ensured

14:56, 18 August 2009

ASTANA. August 18. KAZINFORM /Kanat Kulshmanov/ Today at the Government's session on the results of the country's socio-economic development in the first half of 2009 Minister of Economy Bakhyt Sultanov has defined main challenges and expected results of the current year.

"In the 3^rd and 4^th quarters of 2009 we should solve both short-term and system tasks which would help ensure total recovery of the country's economy in the following years", B. Sultanov considers.

"Ensuring GDP growth at 1.8%-2% remains priority challenge and target index for these periods to boost economic growth", B. Sultanov said.

In the Minister's opinion, forced utilization of the funds allotted within the Anti-Crisis Program and their efficiency must be ensured to achieve this aim. Alongside, housing construction market and additional support of small and medium businesses will remain under special control.

"We should be ready for possible worsening of the situation in the world economy. Two possible scenarios of development of economy and action plans on each of them have been elaborated. They will be submitted at today's sitting of the Economic Policy Council", he said.

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