ASTANA, Kazakhstan, July 10. While Kazakhstan’s economy grew 5.6 percent year-on-year in 1Q 2025, quarterly growth decelerated to 0.6 percent, Trend reports via the Eurasian Fund for Stabilization and Development (EFSD).
In alignment with the most recent assessment conducted by the
Eurasian Fund for Stabilization and Development, the primary
catalysts identified were the transportation and warehousing
sectors, alongside the manufacturing and mining industries, in
addition to the construction domain.
"Concurrently, inflationary dynamics intensified, with the
inflation rate surging to 11.3 percent in May." As of March 2025,
the National Bank has sustained the benchmark interest rate at 16.5
percent," the fund indicated.
Per the organization's projections, Kazakhstan's real GDP
trajectory is anticipated to ascend to 5.0 percent in 2025,
subsequently experiencing a deceleration to 4.5 percent and 4.3
percent in the fiscal years 2026 and 2027, respectively. The
inflationary trajectory is anticipated to persist beyond the
designated target bandwidth of 7 to 9 percent.
Previously, the Ministry of Finance of Kazakhstan disseminated data
indicating that the year-over-year inflation rate for June was
recorded at 11.8 percent.
The Eurasian Fund for Stabilization and Development is a regional financial mechanism with capital of $8.513 billion, established in 2009 by Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, and Tajikistan. The fund was created to help overcome the negative effects of crises, ensure long-term stability, and promote the integration of the member states’ economies.
