World Bank called a negative impact of COVID-19 on Kazakhstan’s economy the largest in twenty years.
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The share of the unobserved economy in Kazakhstan decreased from 27 percent to 23 percent of state’s gross domestic product.
Quarantine measures aimed at combating the novel coronavirus pandemic hamper the economic activity and weaken external demand.
Analysts predict the growth of the global economy by 5.2 percent in 2021.
Kazakhstan’s GDP growth amounted to 2.7 percent from January to March, reported Minister of National Economy Ruslan Dalenov.
The demand for the domestic market is increasing. 56 percent of the population is expected to be supplied with gas by 2030.
Kazakhstan’s strategic goal is to bring the volume of investments of fixed assets up to 30% of GDP.