The National Bank of Kazakhstan forecasts that the country’s economy will grow by 4.5–5.5% by the end of the year. This was announced by Akylzhan Baimagambetov, Deputy Governor of the National Bank, during a presentation of the International Monetary Fund’s regional economic outlook in Astana. According to preliminary estimates, GDP grew by 4.2% in the first nine months of the year, while growth excluding the extractive sector reached 5.4%. The main drivers were manufacturing, construction, and services. Meanwhile, trade diversification remains one of the strategic areas for economic development. Particular attention is being paid to expanding transport routes and logistics capabilities.
«For Kazakhstan, this is a strategic priority. We are developing transport routes, including the Middle Corridor, and expanding railway and logistics capacity. Investment in transport and logistics infrastructure can strengthen connectivity, facilitate trade and provide businesses with better access to regional and global markets,» noted Akylzhan Baimagambetov, Deputy Governor of the National Bank of Kazakhstan.
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