BAKU, Azerbaijan, December 12. Kazakh economy has grown by by 2.7 percent from January through November 2022, Alikhan Smailov, the Prime Minister of Kazakhstan, said, Trend reports with reference to the press office of the PM.
Speaking at the extended meeting of the Government chaired by the president, Smailov said that positive results were achieved in such sectors as agriculture, information, communications, construction, manufacturing, trade, transport, and warehousing.
The slowdown of economic growth is attributed to declining oil and natural resource production, he said.
Smailov added that trade turnover from January through October increased by 34 percent and reached $111 billion. Exports increased by 45 percent, including the export of processed goods by 35 percent. The positive trade balance doubled and reached $31 billion.
According to Smailov, the key drivers behind high inflation in Kazakhstan are the disruption of production and supply chains, the introduction of temporary restrictions on the trade of certain goods with other countries, and the record-breaking prices increase in the world.
According to the PM, forward financing will be utilized to contain inflationary processes.