BAKU, Azerbaijan, July 25. Kazakhstan's economy grew by 3.4 percent in the first half of 2022, Trend reports referring to the National Bank of Kazakhstan.
According to the bank, these indicators generally correspond to its forecasts for the end of 2022 at the level of 2.8-3.8 percent.
All major sectors of the economy are growing, but some sectors are slowing down. Thus, the growth of the mining industry slowed down due to repair work at the Kashagan field, the bank said.
At the same time, the trade indicators testify to stable demand, despite the acceleration of inflationary processes.
Aggregate demand was stimulated by significant government spending, the annual growth of which accelerated to reach 18.7 percent in June. This is a significant pro-inflationary factor requiring an appropriate adjustment of monetary conditions, the bank added.
