AKIPRESS.COM - European Bank for Reconstruction and Development (EBRD) forecasts Kazakhstan’s GDP growth in 2015 at 1.5%, the Bank said in updated review.
Previous forecast (September 2014) on Kazakhstan's GDP for 2015 was at 5.1%.
Given external economic conditions, the GDP growth rate is expected at 1.5%, with the inflation rate standing at 6.5%, the Bank said.
The slowdown is associated with the Ukraine crisis, negative economic trends in Russia, sanctions imposed on Russia by a number of Western countries, oil price fall, and other.
“External negative factors were exacerbated by the share of NPLs in the country's banking system standing at 30%," the Bank said.