Published on: 2026-04-09
Source: People’s Republic of China in Russian –
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Almaty, April 9 /Xin Hua/ — The World Bank (WB) forecasts growth of Kazakhstan’s Gross Domestic Product (GDP) at 4.6% in 2026 and 3.9% in 2027. This is stated in the World Bank’s April economic review for the Europe and Central Asia region, published on Thursday.
The current forecast for 2026 has been increased by 0.1 percentage points compared to the January estimate, which was 4.5 percent, while the forecast for 2027 remained unchanged.
The budget deficit of Kazakhstan is expected to decrease by almost 2%. GDP will be impacted by the tightening of government spending aimed at reducing inflationary pressure, as well as by revenue growth against the backdrop of higher oil prices.
According to the IMF forecast, Central Asia will remain the fastest-growing subregion in the Europe and Central Asia region, despite the slowdown in growth rates, mainly due to the slower increase in oil production in Kazakhstan. In 2026-2027, the average growth rates in Central Asia are expected to be at 4.9 percent, compared to 7 percent last year.
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