Eurasian Development Bank Forecasts Kazakhstan's Economy to Grow by 5% This Year

The Eurasian Development Bank projects Kazakhstan's economy to grow by nearly 5% this year, with similar growth expected next year. However, growth may slow to 4.1-4.2% by 2028-2029. Non-oil sectors and new projects are driving growth, despite challenges in oil production and Caspian Pipeline Consortium repairs. Inflation is expected to reach 9.5% by year-end.

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