COVID-19 Latest
Kazakhstan|business|January 22, 2015 / 10:55 AM
EBRD forecasts Kazakhstan’s GDP growth in 2015 at 1.5%

AKIPRESS.COM - ebrd 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.

All rights reserved

© AKIpress News Agency - 2001-2024.

Republication of any material is prohibited without a written agreement with AKIpress News Agency.

Any citation must be accompanied by a hyperlink to akipress.com.

Our address:

299/5 Chingiz Aitmatov Prosp., Bishkek, the Kyrgyz Republic

e-mail: english@akipress.org, akipressenglish@gmail.com;

Follow us:

Log in


Forgot your password? - recover

Not registered yet? - sign-up

Sign-up

I have an account - log in

Password recovery

I have an account - log in