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Kazakhstan's Real Income Growth Expected to Slow Down by 2027, Forecast Shows

Kazakhstan's real income growth is projected to decelerate, with a forecast of 2.8% in 2026 and 1.8% in 2027, according to the AERC macroeconomic forecast. This slowdown is attributed to revised expectations for nominal wage growth and the impact of a comprehensive plan to boost incomes. The exchange rate is expected to be around 475.2 tenge per US dollar in 2026.

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