ASTANA, Kazakhstan, July 9. The Dutch ING (Internationale Nederlanden Groep) has revealed its GDP growth expectations for Kazakhstan, Trend reports.
According to ING, in the second quarter of 2024, GDP growth will be 4.3 percent. As ING analysts note, in the third and fourth quarters of 2024, growth will be 4.5 and 3.5 percent, respectively.
At the same time, at the end of 2024, GDP growth is expected to be 4 percent.
In addition, in the first quarter of 2025, ING forecasts GDP growth to be 5.4 percent, rising to 5.5 percent in the second quarter, falling to 5.3 percent in the third quarter, and rising to 5.7 percent in the fourth quarter.
Moreover, ING analysts expect GDP growth of 5.5 percent by the end of 2025.
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.
ING - the Internationale Nederlanden Groep - was formed in 1991 and it is an international banking and financial services firm based in Amsterdam. Its core industries include retail banking, direct banking, commercial banking, investment banking, wholesale banking, private banking, asset management, and insurance.