BAKU, Azerbaijan, June 8. Kazakhstan has successfully adapted to external realities with the real growth of the economy of 5 percent in the four months, which is 3 times higher than the projected global average growth, President of Kazakhstan Kassym-Jomart Tokayev said during the 35th Plenary Session of Foreign Investors' Council in Astana, Trend reports.
"The destruction of supply chains, rising inflation and trade restrictions continue to have a serious impact on global economic development. Despite this, it is safe to say that Kazakhstan has successfully adapted to external realities. There is a positive trend in all major sectors of our economy," said the president.
According to Tokayev, last year, Kazakhstan attracted a record amount of foreign investment worth $28 billion. Notably, the non-resource sector has become the main source of foreign direct investment inflows.
The president also noted that Kazakhstan's investment rating was also confirmed by international rating agencies.
"Despite the growing protectionism around the world, we have further strengthened our position as an open market economy. Foreign trade turnover increased by 32 percent and reached $134 billion," he said.
