Kazakhstan's Economy Minister Explains Discrepancy in Growth Forecasts Between Government and National Bank

Kazakhstan's Deputy Prime Minister and Minister of National Economy, Serik Zhumangarin, explained the significant difference between the government's 5.3% economic growth forecast and the National Bank's 3.5% projection. He cited unpredictable external and internal factors, including an accident at Tengiz, issues with the Caspian Pipeline Consortium, and a strengthening national currency, as reasons for the divergence.

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