ASTANA, Kazakhstan, April 16. The Dutch ING (Internationale Nederlanden Groep) has revealed its GDP growth expectations for Kazakhstan until 2026, Trend reports.
According to the ING, in the first and second quarters of 2024, GDP growth will be 4.5 percent and 3.8 percent, respectively. As ING analysts note, in the third and fourth quarters of 2024, growth was 5 and 4.5 percent, respectively.
However, for 2024 overall, the growth will be 4.5 percent.
In addition, ING forecasts that GDP growth in Kazakhstan in 2025 will be 5 percent.
Meanwhile, Kazakhstan's Ministry of National Economy expects GDP growth to be 5.3 percent in 2024 and 6 percent in 2025 and 2026.
Furthermore, Kazakhstan's economic growth amounted to 5.1 percent in 2023. Last year, the volume of investments in fixed capital increased by 13.7 percent and amounted to $39.5 billion, while over the first nine months of 2023, $19.7 billion of foreign direct investment was attracted.