Kazakhstan's economic growth may slow to 3.2% if oil prices fall to $50 per barrel

Kazakhstan's average annual economic growth could slow to 3.2% between 2027-2029 if global oil prices drop to $50 per barrel, according to Deputy Prime Minister Serik Zhumangarin. The pessimistic scenario forecasts a 3.2% GDP growth, while an optimistic scenario with oil at $85 per barrel projects 5.9% growth. The baseline scenario assumes oil at $70 per barrel.

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